Advancing American Freedom’s statement on Iowa v. SEC

Advancing American Freedom led an amicus brief with 39 other amici in Iowa v. SEC, which consolidates eight cases from around the country challenging the SEC’s new rule requiring corporations to make significant and costly disclosures not only about their own environmental impact but also about the environmental impact of certain companies with whom they do business.

“The Securities and Exchange Commission exists to support a healthy and competitive securities market which is an essential element the American economy. The commission is not empowered by Congress to engage in environmental regulation,” said AAF General Counsel J. Marc Wheat. “This climate disclosure rule prioritizes the environmentalist agenda of a few powerful corporations and union pension funds at the expense of everyday Americans, and in the process, tramples on the constitutional rule of law that was designed to ensure the liberty of the people. For these and many other reasons, this rule must be struck down.”

You can read the full amicus brief here.

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