The Securities and Exchange Commission will miss a self-imposed October deadline for final rules as it continues to sift through thousands of public comments and factors in a June Supreme Court ruling that endangers the agency’s normally broad authority to regulate Wall Street.
The commission was forced to reopen its comment file earlier this month after a technical glitch may have prevented some feedback on the March climate proposal and other rules from reaching the agency. That has only added to the challenges in completing requirements for companies to disclose their carbon footprint, including greenhouse gas emissions from their supply chains.
“I can’t see how that process leads to the commission producing a final rule before the end of the year,” Evan Williams, senior director at the the US Chamber of Commerce’s Center for Capital Markets Competitiveness, said last week.
‘Enforcement 40’ for 2020
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