SEC Votes to End Defense of Climate Disclosure Rules

Washington, D.C.--(Newsfile Corp. - March 27, 2025) - The Securities and Exchange Commission today voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions.

SEC Acting Chairman Mark T. Uyeda said, The goal of todays Commission action and notification to the court is to cease the Commissions involvement in the defense of the costly and unnecessarily intrusive climate change disclosure rules.

The rules, adopted by the Commission on March 6, 2024, create a detailed and extensive special disclosure regime about climate risks for issuing and reporting companies.

States and private parties have challenged the rules. The litigation was consolidated in the Eighth Circuit (Iowa v. SEC, No. 24-1522 (8th Cir.)), and the Commission previously stayed effectiveness of the rules pending completion of that litigation. Briefing in the cases was completed before the change in Administrations.

Following todays Commission vote, SEC staff sent a letter to the court stating that the Commission withdraws its defense of the rules and that Commission counsel are no longer authorized to advance the arguments in the brief the Commission had filed. The letter states that the Commission yields any oral argument time back to the court.

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