Supporting the current definition of materiality in the securities laws and opposing new disclosure requirements outside the core mission of the Securities and Exchange Commission.

HRES 1028 is a symbolic House resolution supporting the current legal standard for securities disclosure, which requires companies to share only information investors deem "material" (important to their investment decisions). It opposes new disclosure rules - particularly those focused on environmental, social, and governance (ESG) issues - that would expand beyond the SEC’s core mission of investor protection and market fairness. The resolution argues such changes would burden businesses with costly compliance, create information overload for investors, and distract the SEC from its primary role. It specifically references the decades-old materiality standard established by the 1933 Securities Act and reinforced by the 1976 Supreme Court case *TSC Industries v. Northway*. As a resolution, it does not change law but expresses congressional preference against expanding disclosure requirements.