March 06, 2024


WASHINGTON, D.C. — U.S. Chamber of Commerce Center for Capital Markets Competitiveness Executive Vice President Tom Quaadman issued the following statement regarding the final U.S. Securities and Exchange Commission (SEC) climate disclosure rule.

"For two years now, the U.S. Chamber of Commerce has raised significant concerns about the scope, breadth, and legality of the SEC’s climate disclosure efforts. We are carefully reviewing the details of the rule and its legal underpinnings to understand its full impact. While it appears that some of the most onerous provisions of the initial proposed rule have been removed, this remains a novel and complicated rule that will likely have significant impact on businesses and their investors. The Chamber will continue to use all the tools at our disposal, including litigation if necessary, to prevent government overreach and preserve a competitive capital market system.”