Organizations Involved: Environmental Defense Fund, Institute for Policy Integrity
Source: Securities & Exchange Commission

Abstract

In her dissent from the Securities and Exchange Commission’s proposed rule on climate-related disclosures, Commissioner Peirce describes the SEC as “discover[ing] in a long-extant statute an unheralded power to regulate ‘a significant portion of the American economy’” and impermissibly transforming its regulatory role into that of a “Securities and Environment Commission.” This letter highlights regulatory precedents reaching back nearly sixty years that contradict these criticisms and lend support to the Proposed Rule’s approach.

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