U.S. Chamber Applauds SEC’s Rescission of Climate-Related Disclosure Rules

WASHINGTON, D.C. - Mike Flood, senior vice president of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce, issued the following statement regarding the SEC's decision to rescind its climate disclosure rule.

"The Chamber is encouraged that the SEC is returning to the core principle of materiality, allowing investors to gather crucial business information through corporate disclosure. The SEC's climate disclosure rule would have far-reaching negative effects on the U.S. economy and further disincentivize companies from going public in the United States. We look forward to working with the SEC on this important issue."

In 2024, the Chamber sued to block this Biden-era regulation, challenging the SEC's authority to impose sweeping disclosure requirements. The rule was stayed as a result of the Chamber's litigation. The SEC is now moving to formally rescind the rule. Learn more about the Chamber's legal challenge here.