Central ND News

Senator John Hoeven expressed his concerns about the Securities and Exchange Commission's (SEC) climate disclosure rule, stating, “The SEC’s climate disclosure rule is government overreach.” He added, “This CRA would block this overreaching rule and hold the SEC accountable for pushing a radical climate regulatory agenda that would hurt businesses and consumers.”

Senate Banking Committee Ranking Member Tim Scott also criticized the SEC's climate disclosure rule, emphasizing the negative impact it could have on economic opportunity. He stated, “The SEC’s final climate disclosure rule threatens economic opportunity across the country, and it must be overturned.” Scott further expressed his disapproval of SEC Chair Gensler's regulatory agenda, describing it as a pursuit of left-wing political priorities.

The resolution to overturn the SEC's climate disclosure rule has garnered support from a significant number of senators, including Mike Crapo, Thom Tillis, Mitch McConnell, and Joe Manchin, among others. The resolution aims to prevent what the senators perceive as federal overreach and a partisan climate agenda imposed on American businesses by the SEC.

The co-sponsored Congressional Review Act resolution seeks to address concerns about the negative implications of the SEC's climate disclosure rule on businesses and consumers. The senators involved in the initiative are united in their efforts to ensure that regulatory actions do not hinder economic growth and burden public companies with unnecessary red tape, ultimately leading to higher prices for consumers.