Facing Court Challenges, Vow of Congress To Reverse, SEC Pauses Implementation of Climate Disclosure Regulation
Congressional Republicans had pledged to issue resolutions that could have led to the withdrawal of the rule, seen as a regulatory overreach.
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Updated at 4:40 P.M. E.D.T.
The Securities and Exchange Commission is pausing implementation of a rule that would have forced companies to disclose their climate impact, citing court cases challenging the legality of the administrative action.
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