In the News

Today, Rep. French Hill (AR-02) joined Squawk Box to discuss the SEC's poorly crafted climate rule.

Topline Quotes:

• “Chair Gensler has just demonstrated how the committee has not been true to its mission of orderly markets liquidity and capital formation. They've got 61 rulemaking proposals that a lot of them don't have the bipartisan support in Congress.”
  
  
• “Gensler issued an 800 page new proposal on climate disclosure for public companies, and while he rolled it back from his original proposal, in my view it should have been re-proposed because it's a wholesale change and goes beyond the principles-based materiality that has been at the center of all our public company disclosure."

• "We cover climate in the existing risk factors, we cover climate for companies where they believe that it's a material impact on their business...It should be material and it should relate to the actual year in which we're in, and that's what I think the problem with it is."