GOP Lawmakers Pooh-Pooh SEC Climate Directive

Law360, New York (March 17, 2010, 12:56 PM EDT) -- A group of 21 Republicans in the U.S. House of Representatives has sent a letter to the U.S. Securities and Exchange Commission in the latest expression of displeasure with the agency’s new disclosure requirements relating to climate change for public companies.

The SEC is implementing an “onerous new mandate” without the consideration of Congress or even the normal rule-making process, the group led by Rep. Bill Posey, R-Fla., said in its letter to SEC Chairwoman Mary L. Schapiro on Monday.

“While the SEC has had the...
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