Political Quotes

“Mr. Speaker, I rise today to address the Securities and Exchange Commission's new climate disclosure rule. Since President Biden took office, his agencies have weaponized rulemaking to impose job-crushing regulations. In just 3 years, he has dramatically expanded the Waters of the U.S. rule, issued presidential executive orders, and established a new climate corps. The new climate disclosure rule requires extensive disclosures on CO<INF>2</INF> and other theoretical climate risks. {time} 1100 These disclosure requirements will have devastating downstream consequences. The rule will likely serve as a gift to activist lawyers looking for reasons to declare open season on industries they oppose. It is a breathtaking expansion of regulatory power by an unelected agency using power that was not delegated to it by Congress. The SEC should stick to its core mission of regulating financial markets and get out of its newfound hobby of dabbling in climate alarmism. I applaud the work of my Financial Services Committee colleagues and the Western Caucus on pushing back against this draconian rule, and I hope to see it repealed. Congratulating Chancellor Doug Kristensen”