Congress Bid to Ax SEC Climate Rule Is 'Democracy,' Gensler Says - Bloomberg Law
Congress Bid to Ax SEC Climate Rule Is ‘Democracy,’ Gensler Says
Republican lawmakers’ effort to toss the SEC’s new corporate greenhouse gas emissions reporting requirements is “part of democracy, it’s part of our system,” agency Chair Gary Gensler said Friday.
The Securities and Exchange Commission leader’s comments were similar to remarks he gave two days earlier on March 6, after 10 Republican attorneys general sued to scrap the regulations. Rep. Bill Huizenga (R-Mich.) and Sen. Tim Scott (R-S.C.) are working on legislation that would rescind the rules.
“This is a rule that will benefit investors and issuers alike,” Gensler told reporters during an Investment Adviser Association conference Friday. “I think it ...
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.