In a letter, reviewed by FOX Business, House Financial Services Committee Chairman Patrick McHenry, R-N.C., along with Senate Banking Committee ranking member Tim Scott, R-S.C., and House Subcommittee on Oversight and Investigations Chairman Bill Huizenga, R-Mich., are demanding that Gensler turn over all related communications and records on the rule going back as far as Jan. 20, 2021.
In addition to the document requests, the GOP members want to know if Gensler and his team considered the rule’s impact on energy prices. Also being asked is whether the SEC considered the First Amendment implications involved in demanding that companies disclose information that is not normally considered disclosable for public companies.
As a result, the trio said in the letter the rule as written would “appear to compel speech.” “We are deeply concerned with the SEC’s lack of transparency and disregard for legitimate congressional oversight inquiries, and call on you to be more responsive to congressional informational requests going forward,” the letter stated.
Gensler has in the past ignored GOP congressional inquiries into his agenda that Republicans say often pushes the boundaries of the SEC’s mandate.
Source: Top Republicans double down on efforts to rein in SEC Gensler’s Climate Proposal | Fox Business
