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Congressional Disapproval of SEC Climate Disclosure Rule for Investors

This document is a Congressional proposal to reject new rules from the Securities and Exchange Commission (SEC) regarding companies' climate-related disclosures. If approved, companies would not be required to disclose detailed climate impact data, potentially affecting investment decisions and the availability of information for citizens interested in sustainable development.
Key points
Congress proposes to block SEC rules that would require companies to disclose climate-related risks and impacts.
If the proposal passes, companies will not be mandated to report climate data, which could alter how environmental investments are assessed.
The absence of these rules may mean less information available for citizens and investors seeking to support environmentally responsible companies.
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Additional Information
Print number: 117_HJRES_88
Sponsor: Rep. Huizenga, Bill [R-MI-2]
Process start date: 2022-06-15