Sen. Tim Scott (R-SC) has introduced a resolution to overturn the SEC’s climate disclosure rule, a move that is being cosponsored by a key Democrat.
the rule. The Congressional Review Act allows Congress to vote down administrative rules through an expedited process.
Scott’s resolution has 34 co-sponsors, including one Democrat, Sen. Joe Manchin . That is more than enough needed for a discharge petition and gives the legislation bipartisan backing, making it more likely to make its way to President Joe Biden’s desk.“The SEC’s final climate disclosure rule threatens economic opportunity across the country, and it must be overturned,” the South Carolina senator said.
If the resolution gets pushed through Congress, Biden is likely to veto it as he has with other Congressional Review Act resolutions narrowly approved by the Senate.
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