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A group of U.S. Senators, led by Senator Tim Scott, has initiated a Congressional Review Act challenge to overturn the Securities and Exchange Commission's (SEC) new climate disclosure rule. The resolution, also supported by Senator Joe Manchin, argues that the SEC's rule places an undue burden on small businesses, overwhelms investors with non-economic information, and exceeds the SEC's authority. The Republicans aim to nullify the rule to restore accountability to SEC Chair Gensler's agency.
Senators launch offensive to overturn SEC’s climate change rule https://t.co/DSgG7pgsIC https://t.co/bQd5XSqLZu
Sen. Joe Manchin (https://t.co/waPScvSVml.) joined a resolution from Sen. Tim Scott (R-S.C.) that aims to overturn a new rule on climate disclosures approved by the Securities and Exchange Commission (SEC) last month. https://t.co/SIIyTXyjuP
The @SECGov's climate rule places undue burden on #smallbiz, overwhelms investors with non-economic information, and exceeds the Commission's authority. Today, Republicans will advance a resolution to nullify the rule and return accountability to Chair Gensler's agency. https://t.co/T7rFPeALNv
