Republicans Celebrate Pause on SEC's Climate-Disclosure Rules

Monday, 18 March 2024, 20:37
House Republicans celebrated as a federal appeals court delayed the implementation of the Securities and Exchange Commission's climate-disclosure rules. The GOP views this as a victory against what they perceive as regulatory overreach, sparking a legal battle that questions the SEC's authority in climate-related disclosures.
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Republicans Celebrate Pause on SEC's Climate-Disclosure Rules

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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