Rubio Presses SEC for More Disclosure Rules on China Investments

Senator Marco Rubio wants the Securities and Exchange Commission to put one issue front and center in the regulator’s focus on environmental, social and governance issues: China.

Rubio, a Florida Republican, said in a letter to SEC Chairman Gary Gensler on Wednesday that rules in the offing that would require publicly-traded companies to disclose more about workforce diversity and ESG-related efforts must also apply to Chinese companies that trade in the U.S.

Leaving them out, he said, would be “highly inconsistent and arbitrary.” Rubio also wants U.S. companies that do business in China and funds that hold investments from there ...