East Idaho Times

U.S. Senators Mike Crapo, Jim Risch, and Tim Scott have taken a stand against the Securities and Exchange Commission's (SEC) climate disclosure rule, introducing a Congressional Review Act (CRA) resolution to overturn it. The senators argue that the rule would impose unnecessary paperwork on public companies, increase costs for consumers, and hinder economic growth.

Senator Crapo expressed his concerns about the Biden Administration's climate agenda, stating, "We must continue to push back on the Biden Administration’s attempts to use any means necessary to push its radical climate agenda." He emphasized that federal overreach in regulatory processes could negatively impact everyday Americans.

Senator Risch criticized the SEC's climate disclosure rule for prioritizing the Biden administration's green agenda over the interests of Idaho's business owners and investors. He highlighted the resolution as a way to push back against federal overreach and protect economic opportunities, consumers, and companies from excessive regulatory burdens.

Senator Scott also condemned the SEC's climate disclosure rule, describing it as a threat to economic opportunity across the country. He criticized SEC Chair Gensler for disregarding the real-world impacts of the regulatory agenda in favor of partisan political priorities. Scott emphasized the importance of the SEC focusing on regulating capital markets and ensuring economic success for all Americans.

A coalition of senators, including Mitch McConnell, Joe Manchin, Marco Rubio, and others, joined Crapo, Risch, and Scott in signing onto the CRA resolution to overturn the SEC's climate disclosure rule.

The senators highlighted the need for congressional oversight to address the extensive regulatory agenda pursued by the SEC under Chair Gensler. They emphasized the importance of pushing back against proposed rules that could create confusion and impact capital markets, retirement savers, and businesses of all sizes.