SEC Faces Pressure to Implement Policy Agenda

The Wall Street Journal reports that policy experts expect the Securities and Exchange Commission (SEC) to begin implementing its high-profile policy changes ahead of upcoming midterm elections. SEC Chairman Gary Gensler has previously stated he will pursue a policy agenda that includes climate risks disclosure for financial firms and money market reforms, among other initiatives. With Congress, so far, unable to pass a bill supported by President Biden and aimed at tackling issues like climate change, the SEC and other regulators have taken on an increasingly proactive role. This comes as the SEC faces criticism for the short comment periods on proposed rules amid what is expected to be critical year for executing its agenda.

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