Sustainable Investment Caucus Statement on Climate Rule CRA
Washington, D.C. — U.S. Congressmen Sean Casten (IL-06) and Juan Vargas (CA-52), co-chairs of the Congressional Sustainable Investment Caucus, released the following statement following the Financial Services Committee passage of a Congressional Review Act resolution to overturn the SEC’s climate risk disclosure rule:
“Today, Democrats on the House Financial Services Committee voted unanimously to protect market transparency and provide investors with clear, comparable, and standardized disclosures to judge public companies’ climate risks,” said Reps. Casten and Vargas. “The CRA resolution passed by Committee Republicans today is not only anti-free market, but it also hurts investors by seeking to limit their access to material information.
“The SEC’s climate disclosure rule is essential to increasing transparency for investors into the risks posed by climate change to public companies. This rule is squarely within the SEC’s mission and authority and is consistent with the demands of investors and market participants. We applaud the SEC for developing this final rulemaking and encourage our fellow capitalists in the House to vote against this CRA resolution should it make it to the floor.”
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