Statement from Reps. García, Bowman, Bush, Ocasio-Cortez, Pressley, and Tlaib Regarding Delays for the SEC’s Climate Rule

Statement from Reps. García, Bowman, Bush, Ocasio-Cortez, Pressley, and Tlaib Regarding Delays for the SEC's Climate Rule

WASHINGTON, DC– Representative Jesús "Chuy" García (IL-04), a member of the House Financial Services Committee, Representatives Jamaal Bowman (NY-16), Cori Bush (MO-01), Alexandria Ocasio-Cortez (NY-14), Ayanna Pressley (MA-07), and Rashida Tlaib (MI-13) issued a joint statement on reported delays by the U.S. Securities and Exchange Commission (SEC) in issuing new disclosure rules regarding climate change risk:

"The climate crisis is here, and it is already having a significant impact on our communities and our economy. We cannot wait for our country's largest corporations to decide whether they take climate change seriously when extreme floods, heat waves and storms are already devastating our neighborhoods. Just as we must use every tool to prevent climate catastrophe, we must act with strength and urgency to protect our financial system from climate risk.

"We are alarmed that the Securities and Exchange Commission's climate-change disclosure rule has been delayed. We urge the Commission to act swiftly and issue a strong rule that holistically accounts for a company's climate contributions and addresses the urgent need to act on climate-related financial risk."

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