Tag: economy and society

In this week’s edition of Economy and Society: In the states Federal judge blocks New York climate superfund law  What’s the story? Chief Judge Brenda Sannes of the U.S. District Court for the Northern District of New York blocked New York's Climate Change Superfund Act on Aug. 31, ruling that federal law preempts the state's…

In this week’s edition of Economy and Society: In Washington, D.C. SEC moves to eliminate shareholder proposal rule, shift power to states What’s the story? The Securities and Exchange Commission (SEC) submitted a proposed rule for interagency review on Aug. 28 that would rescind Rule 14a-8, the federal regulation requiring public companies to include qualifying…

In this week’s edition of Economy and Society: In Washington, D.C. Treasury proposes ESG restrictions for Trump Accounts What’s the story? The Treasury Department and Internal Revenue Service (IRS) proposed a rule on Aug. 21, 2026, that would exclude funds focused on environmental, social, and corporate governance (ESG) factors from Trump Accounts. Trump Accounts are…

In this week’s edition of Economy and Society: In Washington, D.C. SEC makes shareholder proposal no-action pause permanent What’s the story? The Securities and Exchange Commission's (SEC) Division of Corporation Finance announced on Aug. 14, 2026, that it will permanently stop responding to no-action requests under Rule 14a-8. The rule governs when shareholders may place…

In this week’s edition of Economy and Society: This week, we're pausing our regular coverage to take a look at the ESG legislation enacted during the 2026 state legislative sessions. For a closer look at the legislation, including how enacted legislation differs by partisan control of state government, click here. States enact 14 ESG-related bills…

In this week’s edition of Economy and Society: In Washington, D.C. Large pension funds oppose SEC climate rule rescission What’s the story? Several large public pension funds filed comments opposing the Securities and Exchange Commission's (SEC) proposal to rescind its 2024 climate-risk disclosure rule. They wrote that eliminating standardized greenhouse gas emissions reporting would increase…

In this week’s edition of Economy and Society: In the states California proposes narrowing Scope 3 emissions reporting  What’s the story? The California Air Resources Board (CARB) proposed limiting companies' initial, mandatory Scope 3 (indirect value chain) emissions disclosures to five of 15 categories under the state's corporate climate reporting law. CARB presented the proposal…

In this week’s edition of Economy and Society: In the states Connecticut treasurer race centers on ESG investing   What’s the story? The Connecticut treasurer race has made environmental, social, and corporate governance (ESG) investing the central issue. Democratic incumbent Erick Russell, who is seeking a second term, defends using ESG when managing the state's approximately…

In this week’s edition of Economy and Society: In Washington, D.C. SEC chairman suggests no-action pause could continue What’s the story? Securities and Exchange Commission (SEC) Chairman Paul Atkins said the agency may continue suspending most no-action letters for shareholder proposal disputes beyond the current proxy season. Speaking on July 9 at the Society for…

In this week’s edition of Economy and Society: In Washington, D.C. Labor Department submits revised ESG rule to White House What’s the story? The Employee Benefits Security Administration (EBSA), part of the Department of Labor, submitted a proposed rule to the Office of Information and Regulatory Affairs (OIRA) on June 30, 2026. The proposed rule…