Related Commentary, Articles and Useful Links
SEC Climate-Related Disclosure Rule
On March 21, 2022, the U.S. Securities and Exchange Commission released a proposed rule making package that would amend its rules under the Securities Act of 1933 (“Securities Act”) and Securities Exchange Act of 1934 (“Exchange Act”) that would require registrants to provide certain climate-related information in their registration statements and annual reports.
Related Commentary & Articles:
- Wall Street Journal, “The SEC’s Climate-Change Overreach” by Jay Clayton former SEC chairman, 2017-20 and Rep. Patrick McHenry (NC –Republican), ranking member of the House Financial Services Committee – March 20, 2022
- SEC Commissioner Hester Peirce Statement: “We are Not the Securities and Environment Commission – At Least Not Yet” – March 21, 2022
- Real Clear Markets, “The SEC’s Climate Mission Creep Will Be Very Costly” by David Williams, President of the Taxpayers Protection Alliance – July 22, 2022
Notable Opposition Comments:
- Joint Congressional Comment by 131 Members of the House of Representatives, June 15, 2022
- Comment by the National Associations of Manufacturers, June 6, 2022
- SEC Proposed Rule, May 31, 2022
- Joint Letter from 19 Senators on proposed climate-related disclosure rule, April 5, 2022”
- Joint Letter from 21 Attorneys General: “Request for Extension of Time to Provide Comments on Proposed Pule Amendments” April 15, 2022
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