SEC's proposed ESG rule will leave small farms in the lurch, lawmakers from both parties say

are signing the letter, including two swing-district Democrats in Reps. Elissa Slotkin, D-Mich., and Elaine Luria. D-Va.

According to the SEC, the proposed rule in question would "require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition.

Rep. Elaine Luria, D-Va., during a town hall at New Hope Baptist Church in Virginia Beach, VA, on Thursday, October 3, 2019. "The time and energy put into complying with this new regulation will divert American farmers away from their primary goal of producing our nation’s food, fuel, and fiber" it continued.

This is one of many examples of how government regulations (this one via the SEC) create cartels and monopolyPrices. POTUS, these types of regs create scarcity and push prices up demand curves. inflation

Yup…there’s your Gov’t Opprrssion right in the wide open. Make the playing field only for the elite and screw the small farmer who is rwady strapped.

Please just stop with the regulations. They are killing small businesses. SmallBusiness

His profile looks like a cockcroch

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