Tim Scott to introduce measure to overturn controversial SEC climate rule

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Republicans on the Senate Banking Committee, led by Tim Scott, are introducing a measure to try and overturn a controversial climate rule enacted by the SEC.

FIRST ON FOX: Senate Banking Committee Ranking Member Tim Scott will introduce a measure in the upper chamber on Wednesday attempting to overturn a controversial Securities and Exchange Commission climate rule that has drawn outrage from Republicans – and even some Democrats – FOX Business has learned.

"The SEC’s mission is to regulate our capital markets and ensure all Americans can safely share in their economic success – not to force a partisan climate agenda on American businesses," Scott continued. The CRA currently has 34 cosponsors – more than enough needed for a discharge petition – and expands its list of supporters across the aisle, to West Virginia Democratic Sen. Joe Manchin.

 

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