Anti-ESG House Republicans are embracing a June Supreme Court ruling that makes it easier to fight some agency regulations in court, as part of a blueprint they released Thursday for upending Democratic environmental, social and governance initiatives.
The Supreme Court’s Loper Bright Enterprises v. Raimondo decision—which scrapped the decades-old Chevron doctrine that had empowered federal regulators to interpret unclear laws—is a “powerful reminder to agencies like the SEC that their authority is not unlimited,” according to a report from the Republican-led ESG Working Group in the House Financial Services Committee.
The report comes as the Securities and Exchange Commission under ...