Tag: Securities and Exchanges Commission
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SEC chairman announces resignation
SEC Chairman Gary Gensler announced Nov. 21 that he will leave his position effective Jan. 20, 2025, at the end of Joe Biden’s (D) presidency. Trump will name his replacement. Gensler promoted policies supportive of ESG investing as chairman, including a set of rules requiring climate-related corporate disclosures. Most commentators believe Trump’s replacement will likely…
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Biden vetoes CRA resolution aimed at blocking SEC crypto asset guidance
President Joe Biden (D) on May 31 vetoed a Congressional Review Act (CRA) resolution that aimed to nullify Securities and Exchange Commission (SEC) guidance establishing accounting standards for financial firms with crypto assets. The resolution previously passed the House of Representatives 228-182 on May 8 and the Senate 60-38 on May 16. The SEC published…
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Biden administration issues two new environmental rules
The Biden administration issued new environmental rules in the past month to require climate-related disclosures by certain public companies and to establish air pollution emissions guidelines. The Securities and Exchange Commission (SEC) announced on March 6, 2024, that it had adopted a final rule aimed at establishing standards for climate-related disclosures by certain public companies.…
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Appeals court pauses implementation of SEC climate rule
The U.S. Court of Appeals for the Fifth Circuit on March 15 temporarily blocked the implementation of the Securities and Exchange Commission’s (SEC’s) new rules on emissions data reporting while the court considers a lawsuit alleging the regulations exceed the SEC’s authority. Ballotpedia tracks support for and opposition to the environmental, social, and corporate governance…