S.Amdt. 2990

SA 2990. Mr. REED (for himself and Mr. Cardin) submitted an amendment
intended to be proposed to amendment SA 2953 proposed by Ms. Murkowski
to the bill S. 2012, to provide for the modernization of the energy
policy of the United States, and for other purposes; which was ordered
to lie on the table; as follows:

At the end, add the following:

TITLE VI--MISCELLANEOUS

SEC. 6001. SEC INDUSTRY GUIDES.

(a) Definition.--In this section, the term ``Commission''
means the Securities and Exchange Commission.
(b) Updates to Industry Guides.--Not later than 180 days
after the date of enactment of this Act, the Commission
shall--
(1) update--
(A) the industry guides described in subsections (d) and
(g) of section 229.801 of title 17, Code of Federal
Regulations and section 229.802(g) of title 17, Code of
Federal Regulations; and
(B) subpart 229.1200 of title 17, Code of Federal
Regulations; and
(2) in making the updates required under paragraph (1),
consider and incorporate appropriate recommendations made in
the report entitled ``Climate Strategies and Metrics:
Exploring Options for Institutional Investors'', published in
2015 by the 2 Degrees Investing Initiative, the World
Resources Institute, and the United Nations Environment
Programme Finance Initiative.
(c) Enforcement.--If the Commission fails to meet the
deadline under subsection (b), the Chairman of the Commission
shall provide a report to and testify before the Committee on
Banking, Housing, and Urban Affairs of the Senate and the
Committee on Financial Services of the House of
Representatives explaining why the Commission failed to meet
the deadline.
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