Several business organizations had filed requests for pauses to the rule.
by RAY LEWIS | The National DeskFILE - The seal of the U.S. Securities and Exchange Commission is affixed on a wall at SEC headquarters, June 19, 2015, in Washington. The Securities and Exchange Commission paused rules Thursday requiring companies to disclose business risks posed by the climate in their registration statements and annual reports.
In issuing a stay, the Commission is not departing from its view that the Final Rules are consistent with applicable law and within the Commission’s long-standing authority to require the disclosure of information important to investors in making investment and voting decisions,” the SEC. “Thus, the Commission will continue vigorously defending the Final Rules’ validity in court.”
The SEC’s job is to protect people from fraud. It has no business slapping companies with extremist climate mandates,” Bird said. “We are making it clear that Biden has to follow the law like everyone else.” The rules will provide investors with consistent, comparable, and decision-useful information, and issuers with clear reporting requirements,” SEC Chairman Gary Gensler
United States United States Ray Lewis Joe Biden Gary Gensler Franklin Roosevelt Brenna Bird U.S. Securities And Exchange Commission Securities Act Investment Company Act Political Campaign Staff United States Securities Regulation 73Rd United States Congress Environmental Policy Of The Joe Biden Administrati Securities Exchange Act
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