SEC Climate Rules Pushed Back Amid Bureaucratic, Legal Woes

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Publish Date:
October 19, 2022
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Source:
Bloomberg Law
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Summary

Agencies need clear permission from Congress to create regulations that have major economic or political effects, the court ruled in June, three months after the SEC released its proposal.

The decision has further complicated work to finalize the rules, said former Democratic SEC Commissioner Joseph Grundfest.

“It’s clear the agency was thrown for a loop in West Virginia v. EPA,” said Grundfest, a Stanford Law School professor.

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