House schedules first hearings on final SEC climate rule

By Emma Dumain | 03/18/2024 06:55 AM EDT

The Senate Budget Committee will also hold its latest session on global warming’s fiscal impacts.

Rep. Ann Wagner (R-Mo.).

Rep. Ann Wagner (R-Mo.), a senior member of the Financial Services Committee, will hold a hearing on Securities and Exchange Commission rulemaking. Andrew Harnik/AP

Republicans are setting their sights this week on discrediting the Securities and Exchange Commission’s recent rulemaking requiring major companies to disclose their climate impacts.

A pair of hearings to be convened by GOP members of the House Financial Services Committee will represent the beginning of the party’s planned campaign to undercut the decision on Capitol Hill — if not through legislation then at least through the bully pulpit.

The panel will kick things off with a field hearing in Lebanon, Tennessee, on Monday titled “Victims of Regulatory Overreach: How the SEC’s Climate Disclosure Rule Will Harm Americans.”

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There, the Subcommittee on Oversight and Investigations will examine “the rule’s impact on U.S. businesses” and assess “the cumulative impact of the rule on our markets, together with the onslaught of rushed rulemaking, [that] has yet to be analyzed by the SEC.”

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