Wall St regulator proposes to scrap Biden-era climate rule
- Posted on May 29, 2026
- By Business News Today
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- 1 min read
Wall St regulator proposes to scrap Biden-era climate rule
The U.S. Securities and Exchange Commission is proposing to remove rules requiring companies to disclose climate-related risks and spending. These regulations, adopted in 2024, faced legal challenges. SEC Chair Paul Atkins stated disclosures must be material to investors and not dictate corporate behavior. Officials believe the rule exceeded the agency's authority and imposed significant costs.
