SEC Proposes Ending Biden Climate Disclosure Rules After White House Review

Story Summary

On May 4, 2026, the U.S. Securities and Exchange Commission submitted a proposal to terminate Biden-era climate disclosure requirements for public companies to the White House's Office of Management and Budget. This move follows prior litigation where the Trump administration ceased defending the Gensler-era policies, which mandated reporting on climate-related financial risks and carbon emissions. The SEC aims to return to its core mandate through a materiality-focused regulatory approach. Once reviewed, the draft will undergo public comment and commissioner voting before final release.