Bill Blocking SEC’s Climate Rule Teed Up for Full House Vote

A measure to prevent the SEC from implementing its March climate disclosure regulation cleared a House panel Wednesday along party lines.

The House Financial Services Committee voted 28-22 to send the resolution to the full chamber. The measure would use the Congressional Review Act to stop the Securities and Exchange Commission from implementing its March 6 rules requiring companies to disclose to investors their greenhouse gas emissions and risks from climate change.

Republican committee members, led by Michigan Rep. Bill Huizenga, signaled the day the SEC approved the rules that a CRA resolution was imminent, though it was not officially ...