AFBF:PROPOSED SEC RULE COULD REACH NEARLY EVERY FARMER AND RANCHER

摘要

The American Farm Bureau Federation (AFBF) joined 119 other agriculture organizations in sending a letter to the Securities and Exchange Commission (SEC) asking for an extension of time to comment on its proposed rule, "The Enhancement and Standardization of Climate Related Disclosures for Investors." The SEC-whose primary purpose is to protect investors, maintain efficient markets and facilitate capital formation- now wants to require public companies to report data about their entire supply chain. Nearly every farmer's and rancher's products eventually touch a publicly traded company, meaning that farmers and ranchers could be forced to report personal information and business-related data. This unprecedented overreach could create onerous reporting requirements for even small farms and ranches with few or no employees.