GOP Senators and Manchin Stand Against New SEC Climate Disclosure Rule
Wednesday, 17 April 2024, 18:39
GOP Senators and Manchin Challenge SEC Climate Disclosure Rule
Sen. Joe Manchin (D-W.Va.) joined a resolution from Sen. Tim Scott (R-S.C.) that aims to overturn a new rule on climate disclosures approved by the Securities and Exchange Commission (SEC) last month.
Key Points:
- SEC's Climate Disclosure Rule: The rule requires large companies to disclose greenhouse gas emissions.
- Manchin's Stance: Senator Manchin criticizes the rule as overreaching and detrimental to economic security.
- Resolution Progress: The resolution faces challenges in Congress and needs President Biden's approval.
Senator Scott and other Republicans argue against the rule, signaling ongoing debates on environmental regulations and economic policies.
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