Barrasso, Lummis working to overturn SEC climate disclosure rule

"These burdensome requirements will only add to costs for companies and ultimately, American consumers," a news release from the Wyoming Senate delegation said. "This rule exceeds the SEC’s authority and would bury public companies in paperwork, raise costs for consumers and stifle economic opportunity. Rather than prioritizing businesses across the country, this rule only prioritizes a radical climate agenda."

Barrasso said in the release, “The Securities and Exchange Commission (SEC) should not be pushing Biden’s radical climate agenda. The SEC’s main responsibility is to protect American investors and maintain fair markets. Hardworking small business owners in Wyoming can’t afford to waste time and resources on fulfilling burdensome and unnecessary Washington requirements. Republicans will fight to stop this federal overreach and protect the economy from Biden’s climate elitists.” 

“The Securities and Exchange Commission’s climate disclosure rule is a big government solution in desperate search of a problem,” Lummis said in the release. “The last thing any Wyoming business needs is a mountain of paperwork to comply with more Green New Deal nonsense from Washington. Rather than harassing hardworking people, the SEC should be focused on cutting burdensome regulations and red tape that have fueled runaway inflation and contributed to sky-high interest rates.”