THE SEC RULE ON CLIMATE CHANGE DISCLOSURE AND ITS IMPACT

Grady Block, an attorney for Mountain States Legal Foundation, discusses the new SEC rule on climate change disclosure and its impact on small businesses. The rule requires SEC registrants to disclose any climate-related information that could have a material impact on their business. Grady explains the challenges and costs associated with compliance and how it will affect not only large companies but also small businesses in their supply chains. He also discusses the main arguments in the legal challenge against the rule, including the major questions doctrine and the arbitrary and capricious action of the SEC. Grady highlights the importance of considering the real-life impact on small business owners in the legal arguments. Main Street Matters is part of the Salem Podcast Network.