House GOP Bill Targets Biden Ag Policies
House Ag Committee Ranking Member Pennsylvania's Glenn Thompson, introduced a bill this week that Fox News said would “strike back” at several of the administration’s agricultural policies. The legislation would also strike down a recently-proposed rule from the Securities and Exchange Commission that many in the ag community warn could harm small farms. Thompson is introducing the bill with more than 20 cosponsors during a time when America is dealing with significant inflation, especially in food prices.
The bill has several provisions that Thompson says would help in many ways, including rescinding the SEC Scope Three reporting rule. The rule requires public companies to report information like it’s carbon emissions but also from sources up and down their supply chains. Thompson’s bill also includes several provisions relating to fertilizer, including reinstating the National Environmental Policy Act of 2020, which would streamline mineral extraction for fertilizer production. The bill also reinstates the Trump-era Waters of the U.S. rule.
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