This resolution would block a Securities and Exchange Commission rule that requires publicly traded companies to disclose climate-related information to investors, such as greenhouse gas emissions and climate-related financial risks. Using its authority under the Congressional Review Act, Congress is exercising its power to overturn federal regulations through a simple majority vote in both chambers. If passed, the resolution would nullify the SEC's climate disclosure rule entirely, meaning it would have no legal force or effect going forward. This would primarily affect publicly traded companies, which would no longer be required to provide standardized climate-related disclosures, as well as investors who might otherwise use that information to assess climate-related financial risks. The rule being targeted was published on March 28, 2024, and this disapproval resolution was introduced in April 2024 and moved to committee action in July 2024.