More Uncertainty Surrounds the Release of the SEC’s Climate Disclosure Rule

After many anticipated months of anxiously waiting for answers from the Securities and Exchange Commission (SEC) on their proposed climate disclosure rule, investors and companies will now have to wait even longer. Last month, former SEC Commissioner Robert Jackson disclosed his recent intel that suggests the rule will face yet another delay. This time, companies…

House GOP Members Question SEC’s Climate Rulemaking Authority

On Tuesday, April 18, the House Committee on Financial Services held their “Oversight of the Securities and Exchange Commission” hearing with Securities and Exchange Commission (SEC) Chair Gary Gensler. The hearing covered topics from across the financial world, but also featured discussion on the SEC’s looming climate disclosure rule. The hearing offered an open-floor opportunity for…

Op-Ed: SEC’s Climate Distraction

This piece was originally published by The Washington Times on April 24, 2023. The House Financial Services Committee last week hosted Securities and Exchange Commission Chairman Gary Gensler for a 4½-hour oversight hearing. Lawmakers pressed Mr. Gensler on a proposed SEC rule that would require public companies to extensively disclose climate-related “risks” their business activities generated. It would also force them to analyze the climate…

Republicans and Democrats Collectively Agree on SEC’s Overstep

As the Securities and Exchange Commission (SEC) continues to ignore the warning signs that are attached to its regulatory overreach, politicians are asking more questions and bipartisanship is emerging. On Wednesday March 29, during a House Appropriations subcommittee hearing, Republican lawmakers took the opportunity to question SEC Chair Gary Gensler on the Commission’s proposed climate disclosure…

Chicago-Based Regulatory Law Attorney Calls Out the Legal Challenges of the SEC’s Climate Disclosure Rule

Last month, Chicago-based regulatory law attorney Ty Covey took to RealClear Markets to highlight the potential legal challenges that currently loom over the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule. Specifically, Covey discusses the implications of the major questions doctrine and how it could come into play when the climate disclosure rule is reviewed…

Republicans Press the SEC on Climate Change Regulation

Republicans want answers from the Securities and Exchange Commission (SEC) regarding its proposed climate disclosure rule. Last month, Senator Tim Scott (R-S.C.) and Representatives Patrick McHenry (R-N.C.) and Bill Huizenga (R-Mich.) sent a letter to SEC Chairperson Gary Gensler saying the rule goes beyond the agency’s “mission, expertise, and authority.” Gensler was admonished for refusing…

George Mason Law Professor Says the SEC Can’t Regulate Climate Change

George Mason Law Professor Donald Kochan recently published a Wall Street Journal op-ed that highlighted various reasons as to why the Securities and Exchange Commission (SEC) should actively avoid any sort of climate regulation. His piece called out the SEC for overstepping its congressional mandate into an area which is very clearly beyond its proper scope of…

The SEC is Starting to Recognize Its Mission Creep

Earlier this month, Gary Gensler, Chairperson of the Securities and Exchange Commission (SEC), reported that the Commission is considering “watering-down” the requirements that were originally proposed in their climate disclosure rulemaking in March. The original proposal garnered widespread criticism and opposition. As it currently stands, the rule will harm businesses by mandating they report on…

The Federal Reserve Understands That Climate Change Policy Rests with Congressional Authority, Not with the Fed

The main criticisms surrounding the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule have varied, but one seems to remain rather consistent. With their proposed rule, the SEC is straying into areas in which they have no congressionally-delegated authority.  Earlier this month, Federal Reserve Chair Jerome Powell added his thoughts to the argument. When asked about…

SEC Insinuates April Deadline to Finalize Controversial Climate Disclosure Rule

Earlier this month, the Securities and Exchange Commission (SEC) released its newest rendition of their unified agenda. This agenda details upcoming regulations and potential deadlines that each ruling is projected to have. However, this deadline continues to face significant pushback from affected parties who realize this ruling is not in their best interest. Over the last…