Critics of the SEC’s proposed climate disclosure rule are digging a little deeper on what exactly Securities and Exchange Commission (SEC) Chair Gary Gensler had to say during his testimony following the House Financial Services Committee’s hearing, “Oversight of the Securities and Exchange Commission (SEC)” in April. This was the committee’s first hearing with the SEC…
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…
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…
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…
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…
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 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 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…
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 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…