WASHINGTON, DC – Earlier this week, the Club for Growth Foundation filed public comments and a petition asking the Securities and Exchange Commission (SEC) to reopen its ESG rulemaking. On Friday, the SEC announced it would reopen ESG rulemaking.
“We are pleased that the SEC has reopened their ESG rule, as we requested. Subsequent to the West Virginia v EPA decision, if the SEC proceeds with this overly-burdensome rule, the SEC must not only allow for additional public comment from impacted businesses, it must also explain its legal authorization for proceeding. At a time when President Biden’s anti-growth policies have forced the economy into a recession, the last thing that American businesses need is a woke federal mandate which imposes excessive and likely unauthorized regulatory costs.” David McIntosh, President, Club for Growth Foundation
Click here to read the Club for Growth Foundation Petition to the SEC