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NCBA Calls for Limited SEC Greenhouse Gas Rule Following Senate Hearing
Today, the National Cattlemen’s Beef Association (NCBA) reiterated the need for a limited version of the Securities and Exchange Commission’s (SEC) greenhouse gas disclosure rule following SEC Chairman Gary Gensler’s testimony before the U.S. Senate Committee on Banking.
“The SEC’s proposed greenhouse gas disclosure rule is aimed at large publicly traded companies but would lead to unintended consequences for small businesses like farms and ranches. The rule would require data that simply does not exist at the farm or ranch-level and increases the regulatory burden on individual cattle..."
Cattle Industry Opposition to Government Mandate Amplified Through Senate Hearing
The Senate Committee on Agriculture, Nutrition, and Forestry today held a hearing to discuss transparency and oversight within cattle marketing, specifically the Cattle Price Discovery and Transparency Act (S.4030) and additional oversight through the Office of the Special Investigator (S.3870). The hearing has been proceeded by months of debate over the need for increased transparency in cattle marketing, and today’s conversation highlighted the vehement opposition to government mandates by a majority of U.S. cattle producers.
“The majority of cattle producers have made it clear that..."
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