Republicans Celebrate Pause on SEC's Climate-Disclosure Rules
Monday, 18 March 2024, 20:37
House Republicans' Victory Lap
House Republicans rejoiced as a federal appeals court paused the SEC's climate-disclosure rules, stirring controversy over regulatory boundaries and authority.
Legal Maneuvers
The SEC's rules faced backlash from GOP members, sparking a legal battle challenging the agency's requirement for companies to disclose climate risks.
Opposition Continues
- The finalized rules dropped supply chain emissions tracking but faced opposition from nearly 20 GOP-led states, citing burdens on businesses and confidentiality concerns.
- Republicans view the SEC's rule as overreach, with disputes set to be consolidated and overseen by a U.S. Circuit Court of Appeals.
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