1. Short title This Act may be cited as the ESG Disclosure Simplification Act of 2019 . 2. ESG disclosures (a) In general Section 14 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78n ) is amended by adding at the end the following: (k) ESG disclosures (1) In general Each issuer the securities of which are registered under section 12 or that is required to file annual reports under section 15(d) shall disclose in any proxy or consent solicitation material for an annual meeting of the shareholders— (A) a clear description of the views of the issuer about the link between ESG metrics and the long-term business strategy of the issuer; and (B) a description of any process the issuer uses to determine the impact of ESG metrics on the long-term business strategy of the issuer. (2) ESG metrics defined In this subsection, the term ESG metrics has the meaning given the term in part 210 of title 17, Code of Federal Regulations as amended pursuant to subsection (b) of the ESG Disclosure Simplification Act of 2019. . (b) Rulemaking (1) In general The Securities and Exchange Commission (in this Act referred to as the Commission ) shall amend part 210 of title 17, Code of Federal Regulations (or any successor thereto) to— (A) require each issuer, in any filing of the issuer described in such part that requires audited financial statements, to disclose environmental, social, and governance metrics (in this Act referred to as ESG metrics)