The rule would mark one of the most concrete step yet by one of President
The SEC didn’t provide details of the plan when announcing on Thursday that it’d consider the proposal on March 21. Democrats at the watchdog and on Capitol Hill have been wrangling for months behind-the-scenes over how to craft the regulations, which are almost certain to face legal challenges from business lobbyists.
The SEC’s plans have also gained increased attention from activists in recent months after another centerpiece of Biden’s climate agenda -- some $550 billion in tax credits and spending for clean energy -- collapsed last year in the Senate. Pressure on the issue has also ratcheted up in
A final rule is still likely months away. After the SEC proposes the plan, the commission must seek public comment before holding another vote.
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