Republicans Skewer SEC's Climate Change Guidance

Law360, New York (February 4, 2010, 3:44 PM EST) -- Rep. Spencer T. Bachus III, R-Ala., has become the latest Republican lawmaker to express concern with interpretive guidance the U.S. Securities and Exchange Commission issued on climate change disclosure, saying the guidance went beyond the agency's expertise and will impose potentially significant compliance costs on issuers with little benefit to investors.

In a Feb. 2 letter to SEC Chairwoman Mary Schapiro, Bachus asked whether the agency had received a directive from the White House, whether issuers will have to hire climate change experts to prepare these...
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