; and (2) update the compilation described in paragraph (1) not less frequently than once each year. 8. Backstop If, 2 years after the date of enactment of this Act, the Commission has not issued rules pursuant to section 6, and until those rules are issued, a covered issuer shall be deemed in compliance with subsection (s) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 5, if disclosures set forth in the annual report of the covered issuer satisfy the recommendations of the Task Force on Climate-related Financial Disclosures of the Financial Stability Board as reported in June 2017, or any successor report, and as supplemented or adjusted by such rules, guidance, or other comments from the Commission. 9. Reports (a) Securities and Exchange Commission The Commission shall— (1) conduct an annual assessment regarding the compliance of covered issuers with the requirements of subsection (s) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 5; (2) submit to the appropriate congressional committees a report that contains the results of each assessment conducted under paragraph (1); and (3) make each report submitted under paragraph (2) accessible to the public. (b) Government Accountability Office The Comptroller General of the United States shall periodically evaluate, and report to the appropriate congressional committees on, the effectiveness of the Commission in carrying out and enforcing subsection (s) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 5. 10. Severability If any provision of this Act, an amendment made by this Act, or the application of this Act (or an amendment made by this Act) to any person or circumstance is held to be invalid, that holding shall have no effect with respect to— (1) the remainder of this Act