Governor Brad Little and 15 other governors issued a joint letter to President Joe Biden and Chairman Gary Gensler of the U.S. Securities and Exchange Commission (SEC) expressing their concern with the SEC Climate Disclosure Proposal that would force publicly traded companies to disclose climate-change risks and greenhouse gas emissions.
The proposed rule would harm businesses and investors by increasing compliance costs and by embellishing disclosure statements with information that the federal government and the SEC are not equipped to evaluate.
The governors warn the proposed rule is just another example of federal overreach by the Biden administration and urge the SEC to withdraw the proposed rule.
Amid skyrocketing inflation and an American energy crisis, Governor Little and other governors continue to fight regulations that increase costs and mandates on their states’ businesses and people.
Read full letter here.