Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to The Enhancement and Standardization of Climate-Related Disclosures for Investors.
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Committee
Latest Action · April 17, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution seeks to reject a Securities and Exchange Commission rule that requires publicly traded companies to disclose information about their climate-related risks and impacts to investors. The rule, which was officially published in March 2024, would standardize how companies report climate data so investors can better assess environmental risks when making investment decisions. If passed, this resolution would nullify the SEC rule entirely, preventing it from taking effect. The measure was introduced by a bipartisan group of senators but is primarily backed by Republican sponsors who argue the rule overreaches federal authority. No specific funding is required since the resolution simply blocks an existing regulation rather than establishing new programs.
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