Daybreak: Sept. 19: House GOP members look to shield ag from SEC rule
By Steve Davies, Philip Brasher, Bill Tomson, and Noah Wicks, Agri-Pulse†
House Republicans are preparing to take on the Securities and Exchange Commission over its sweeping plan to require companies to track and disclose the greenhouse gas emissions in their supply chains.
A bill that will be introduced in the House this week would exempt agricultural emissions from disclosure. The bill has no chance of passing this year but it would keep attention on the issue while signaling that the SEC rule would be a high priority for Republicans if they win control of the House in November.
Oklahoma Rep. Frank Lucas, the number two Republican on the Financial Services Committee and a former chairman of the Ag Committee, is leading the effort.
SEC Chairman Gary Gensler used a Senate Banking Committee hearing last week to downplay the ruleís potential impact on agriculture. But Lucas argues food companies will inevitably demand emissions data from their suppliers to comply with the disclosure requirement.
"Ultimately, the person in the field or the pasture is going to be the goal in this, and thatís why we canít have it,Ē Lucas tells Agri-Pulse.
Take note ...††
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