Republican Senators Step Up SEC Oversight Over Climate Disclosure Rule

Senate Republicans are sounding the alarm over what they say is the Securities and Exchange Commission’s (SEC) failure to disclose communications with other agencies and outside groups in the lead up to its controversial proposed climate-related disclosure rule, saying the SEC’s response to their sweeping request for documents is inadequate. Foreshadowing future Republican oversight on the rule, GOP members of the Senate banking committee, led by ranking member Rep. Patrick Toomey (R-PA) sent a July 21 letter to SEC Chairman...