A group of 40 House Republicans sent a letter to the Securities and Exchange Commission (SEC) Monday, urging the agency to rescind a regulatory proposal forcing companies to disclose “climate-related risks.”
The Republicans, led by House Oversight Subcommittee on Environment Ranking Member Ralph Norman, slammed the financial regulator, saying it exceeded its congressionally-mandated authority in issuing the climate rule, in the letter obtained exclusively by the Daily Caller News Foundation. The lawmakers added that the rule was especially inappropriate given the ongoing energy crisis.
The top House Republican on a key oversight subcommittee has pushed a series of conflict-of-interest probes into the Biden administration over its ties to the renewable energy industry.
Republican South Carolina Rep. Ralph Norman, the ranking member on the Oversight Subcommittee on Environment, has probed leadership in the White House, Department of Energy (DOE) and Environmental Protection Agency (EPA), demanding accountability for potential conflicts of interests since President Joe Biden took office more than a year ago. While committee Democrats haven’t cooperated with the investigations, Norman and Oversight Ranking Member James Comer have forged ahead.
“The people in the administrations have no regard for the office that they hold,” Norman told the Daily Caller News Foundation in an interview.