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Blocking Mandatory Climate Risk Disclosures for Public Companies

This Congressional resolution seeks to nullify a new Securities and Exchange Commission (SEC) rule that mandated public companies disclose standardized climate-related risks to investors. If passed, the rule requiring companies to publish uniform data on climate change's impact on their operations will be void. This means individual investors will have less standardized environmental information when making financial decisions.
Key points
The SEC rule requiring companies to disclose climate change risks is disapproved and will have no legal effect.
Publicly traded companies will not be required to standardize and publish detailed environmental data for investors.
Reduced transparency regarding the impact of climate factors on the financial stability of invested companies.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_SJRES_72
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2024-04-17
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A joint resolution 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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SJRES_72.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-04-17.

What are the main provisions?

Key points include:

  • The SEC rule requiring companies to disclose climate change risks is disapproved and will have no legal effect.
  • Publicly traded companies will not be required to standardize and publish detailed environmental data for investors.
  • Reduced transparency regarding the impact of climate factors on the financial stability of invested companies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Environment