SEC announced it is drafting rules to repeal the 2024 Biden-era climate‑related disclosure requirement for public companies.
The move follows a March 2025 vote to stop defending the rule in court after industry and state challenges.
SEC Chair Paul Atkins said the agency will refocus disclosures on information material to investors, aligning with its legal authority.
Final action timeline remains unclear pending Office of Management and Budget review of the draft regulations.