Maintaining Agency Direction on Financial Fraud Act
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Maintaining Agency Direction on Financial Fraud Act - Prohibits any interpretive guidance issued by the Securities and Exchange Commission (SEC) which relates to "Commission Guidance Regarding Disclosure Related to Climate Change" from taking effect with respect to any person on or after February 2, 2010.
Prohibits the SEC from issuing interpretive guidance: (1) with respect to disclosures related to climate change after this Act's effective date; and (2) that would establish any requirements with respect to the content of or format for any disclosures related to climate change voluntarily submitted by any entity to the SEC after such date.
Prohibits the SEC from initiating any civil or administrative action or proceeding pertaining to disclosures related to climate change after this Act's enactment and terminates any such actions or proceedings that are pending.
Prohibits this Act from being construed to: (1) prohibit the SEC from issuing interpretive guidance with respect to disclosures related to non-anthropogenic or natural climate variability observed over comparable time periods; or (2) terminate an administrative action or proceeding pertaining to such disclosures.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1393: Maintaining Agency Direction on Financial Fraud Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-1393/
"S. 1393: Maintaining Agency Direction on Financial Fraud Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1393/.
S. 1393, 112th Cong. (2026), https://openamerica.io/bill/112-S-1393/.
[S. 1393: Maintaining Agency Direction on Financial Fraud Act](https://openamerica.io/bill/112-S-1393/)