Milwaukee City Wire

WASHINGTON– U.S. Sen. Ron Johnson (R-Wis.) has called for the rollback of the Securities and Exchange Commission’s (SEC) climate disclosure rule, citing concerns about its potential impact on businesses and consumers. Johnson, along with Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.), and 33 other senators, introduced a bipartisan Congressional Review Act (CRA) resolution to overturn the rule.

In a statement, Sen. Johnson expressed his reservations about the rule, stating, "The SEC's radical climate disclosure rule would bury public companies in paperwork, raise costs for consumers, and stifle economic opportunity."

Sen. Scott echoed Johnson's sentiments, saying, "We are proud to lead a CRA to overturn the SEC’s harmful climate disclosure rule."

The resolution, which has garnered support from a total of 35 senators, aims to reverse the SEC's climate disclosure rule. The senators involved in the bipartisan effort include a mix of Republicans and one Democrat, Sen. Joe Manchin of West Virginia.

The full text of the CRA resolution can be accessed on the Senate Committee on Banking, Housing, and Urban Affairs' official website.