SEC Climate-Related Disclosure Rules Rescission
Current understanding
The SEC has issued a proposed rule to rescind its March 2024 climate-related disclosure rules, which had required public registrants to disclose material climate risks, governance, and certain GHG emissions in registration statements and annual reports. The 2024 rules had been stayed pending litigation; the proposed rescission would formally withdraw them rather than defend them on the merits. Status: proposed rule — not yet final; subject to public comment before adoption.
Evidence log
- 2025-03-26 — ESG Act of 2025: cross-connection with esg-act-pecuniary-factors-best-interest: Both constrain ESG’s role in federal securities regulation — one at the disclosure layer (rescinding climate rules), the other at the advice/fiduciary layer (requiring pecuniary-factor primacy). (novelty: 3)