Gary Gensler, despite being put on the spot by a member of Congress, declined to provide an update on when the Securities and Exchange Commission (SEC) might approve its climate-related disclosure rule for public companies.
When asked specifically by Sen. Tina Smith (D-Minn.) about when the controversial rule might be finalized in a hearing Tuesday before the Senate Committee on Banking, Housing, and Urban Affairs, Gensler would not offer a time line.
