Republicans introduce resolution to kill SEC climate rule

By Avery Ellfeldt, Kelsey Brugger | 04/11/2024 06:31 AM EDT

A House hearing on the rule Wednesday focused on the nonexistent provision requiring disclosure of supply chain emissions.

Reps. Maxine Waters (D-Calif.) and Bill Huizenga (R-Mich.).

House Financial Services ranking member Maxine Waters (D-Calif.) and Oversight and Investigations Subcommittee Chair Bill Huizenga (R-Mich.), who is taking a leading role in opposing the Securities and Exchange Commission's climate rule. Francis Chung/POLITICO

This story was updated at 1:55 p.m. EDT.

House Republicans remain convinced the Securities and Exchange Commission’s landmark climate disclosure rule will dramatically impact small, private businesses — despite the fact that the agency gutted the rule to avoid that possibility.

That much was clear during a House Financial Services Committee hearing Wednesday about the final rule, which would require every public company to report the threats they face from climate change. The hearing came a day after House Republicans filed legislation to nullify the regulation.


At issue during the hearing was the SEC’s handling of so-called Scope 3 emissions, or the greenhouse gases associated with companies’ customers and supply chains.