On May 20, 2022, WLF filed formal comments with the Securities and Exchange Commission, urging it to abandon a proposed rule that would compel registered companies to include certain climate-related information in their registration statements and periodic reports. Because the proposed rule lacks any investor-protection justification, WLF contends that it exceeds the Commission’s statutory authority. Moreover, by compelling companies to speak publicly on a matter when they otherwise would prefer not to, the proposed rule raises serious First Amendment concerns. For these reasons, WLF urges the Commission to withdraw the proposed rule.

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WLF comments