Republicans set another hearing on SEC climate rule

By Emma Dumain | 04/08/2024 06:41 AM EDT

Implementation of the rule is on hold, but congressional critics are vowing to continue their attack.

Rep. Bill Huizenga (R-Mich.) pictured.

Rep. Bill Huizenga (R-Mich.), chair of the Financial Services Subcommittee on Oversight and Investigations, said House Republicans were focused on using the Congressional Review Act against the Securities and Exchange Commission's climate disclosure rule. Kevin Dietsch/Getty Images

The Securities and Exchange Commission has hit the pause button on implementing its controversial climate disclosure rule amid myriad legal challenges, but congressional Republicans are still intent on targeting the regulation.

The GOP-led House Financial Services Committee on Wednesday will hold a hearing titled, “Beyond Scope: How the SEC’s Climate Rule Threatens American Markets.”

It was scheduled prior to the announcement last Thursday that the SEC would delay putting the rule into place, despite expressing confidence that requiring public companies to reveal their climate risks would ultimately withstand scrutiny.


There are currently lawsuits being brought against the Wall Street regulator by nearly every Republican-controlled state and a slew of fossil fuel interests.