Congressional Republicans Maneuver to Block SEC’s Climate Rules

Congressional Republicans are acting swiftly in an attempt to strike down a landmark SEC regulation requiring companies to disclose their greenhouse gas emissions to investors.

Rep. Bill Huizenga (R-Mich.) and Sen. Tim Scott (R-S.C.) have been prepping for a congressional maneuver to rescind the regulation since the rule was proposed almost two years ago, Huizenga said.

The procedure, called the Congressional Review Act, allows Congress to dismantle any agency regulation the majority disapprove of. Huizenga said in an interview that he has placeholder text ready to go.

“We’re not starting from scratch here,” he said. “We’ve got a running ...