The U.S. Securities and Exchange Commission has proposed to rescind in full its 2024 Climate Rules on climate-related disclosures for investors. The proposal would unwind the March 2024 disclosure regime and reopen the issue for public comment, with the Commission framing the move around questions about its statutory authority, the policy basis for the rules, and whether the expected benefits justify the costs and compliance burden. The 2024 rules had drawn sustained opposition from some commenters and were challenged in court after adoption. Those challenges were consolidated in the Eighth Circuit, the Commission stayed the rules pending judicial review, and it withdrew its defense of the rules in March 2025, after which the case was held in abeyance. The rescission proposal sets out the Commission’s preliminary views on these legal and policy issues, including whether disclosure requirements should remain tied to materiality and avoid having the practical effect of directing corporate conduct. The Commission is requesting public comment on the proposed rescission.
U.S. Securities & Exchange Commission2026-05-29
U.S. Securities and Exchange Commission proposes rescinding 2024 climate-related disclosure rules and seeks comment
The U.S. Securities and Exchange Commission has proposed to rescind in full its 2024 Climate Rules on climate-related disclosures, effectively unwinding the March 2024 regime and reopening the issue for public comment. The Commission cites questions over its statutory authority, the policy basis for the rules, and whether expected benefits justify costs and compliance burdens, and sets out preliminary views on keeping disclosure requirements tied to materiality and avoiding de facto direction of conduct.