Sec New Climate Disclosure Rule

Floor Speech

Date: May 1, 2024
Location: Washington, DC

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Mr. FLOOD. Mr. Speaker, I rise today to address the Securities and Exchange Commission's new climate disclosure rule.

Since President Biden took office, his agencies have weaponized rulemaking to impose job-crushing regulations. In just 3 years, he has dramatically expanded the Waters of the U.S. rule, issued presidential executive orders, and established a new climate corps.

The new climate disclosure rule requires extensive disclosures on CO2 and other theoretical climate risks.

These disclosure requirements will have devastating downstream consequences. The rule will likely serve as a gift to activist lawyers looking for reasons to declare open season on industries they oppose.

It is a breathtaking expansion of regulatory power by an unelected agency using power that was not delegated to it by Congress. The SEC should stick to its core mission of regulating financial markets and get out of its newfound hobby of dabbling in climate alarmism.

I applaud the work of my Financial Services Committee colleagues and the Western Caucus on pushing back against this draconian rule, and I hope to see it repealed. Congratulating Chancellor Doug Kristensen

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Mr. FLOOD. Madam Speaker, I rise today to thank Chancellor Doug Kristensen for his 22 years of service to the University of Nebraska at Kearney.

After 14 years in the State legislature, many of those as speaker of our unicameral body, he was named chancellor at UNK and became the longest-serving chancellor in the university's history.

Chancellor Kristensen, a native of Kearney, has been described as a champion for UNK and rural Nebraska. During his time in the State legislature, he helped shepherd then Kearney State College into the University of Nebraska system. His leadership has been nothing less than transformative.

From new housing to athletic facilities, Kristensen oversaw many of these priorities during his two decades of leadership. One of his most successful achievements was helping grow rural Nebraska's healthcare workforce.

Chancellor Kristensen's work at UNK will have a lasting impact on Nebraska for generations to come.

I congratulate him on an outstanding career, thank him for his service to the State and the university, and wish him the best in his next chapter. Recognizing Luke Farritor

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Mr. FLOOD. Madam Speaker, I rise today to recognize Luke Farritor, a University of Nebraska at Lincoln student who recently won the Vesuvius Challenge grand prize by deciphering passages of text from digital scans of a carbonized scroll. This young man is smart.

Last year, Farritor, a Lincoln native, decided to take on the challenge of deciphering text on papyrus charred into a lump of carbon by the eruption of Mount Vesuvius.

Because the scrolls were carbonized, they are virtually impossible to unroll without destroying them. Farritor created a machine-learning model that senses tiny differences that can reveal ink. Yes, he is that smart.

Along the way, he enlisted help from peers across the globe to pitch in and decipher the burnt scrolls recovered from an ancient library.

Luke and his team ultimately submitted 15 passages containing more than 2,000 characters. The work contained in the passages they recovered hadn't been read since at least 79 A.D.

Congratulations to Luke. His innovative talent has already taken him far. We look forward to seeing what challenge he takes on next.

We hope he stays in Nebraska. We want him to live there. Thanking Meteorologists in Nebraska

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Mr. FLOOD. Madam Speaker, I want to talk about something that was very destructive last Friday. We had several EF3 and EF2 tornadoes ravage portions of my district, Congressman Bacon's district, and Congressman Smith's district.

The silver lining here is that the meteorologists at the National Weather Service office in Valley, Nebraska, used all of their talents, all of the equipment, and everything in the power of the National Weather Service to identify these tornadoes and get that lifesaving information to the people.

What they did saved lives. We did not lose one person's life in the State of Nebraska. Over 400 homes were destroyed.

I also want to say as a Nebraska broadcaster myself, the men and women of the Nebraska broadcasting companies, in multiple languages, went to work and got Nebraskans the information they needed to take shelter and stay away from these potentially and very obviously dangerous tornadoes.

We ought to be proud of this Federal agency, the National Weather Service. We ought to be proud of what they do. They don't get the credit very often.

I also recognize the broadcasters not just in Nebraska but everywhere in our great country that go to work every day to get people lifesaving information. In this case, you can look at everything that happened. Our emergency alert system worked. Our meteorologists and our TV meteorologists and radio and television folks came together to deliver for the great State.

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