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Lawmakers and SEC chair debate climate disclosure rule defense and data-security risks including the CAT
Summary
Members pressed the SEC about its defense of a climate-disclosure rule, now paused amid litigation consolidated in the Eighth Circuit, and raised concerns about data security and the Consolidated Audit Trail (CAT). Chairman Paul Atkins said the rule is under active study and pledged to review CAT's cybersecurity and costs as part of a broader IT
Lawmakers asked the SEC chairman about the agency's recent decision to halt defense of a climate-disclosure rule and about cybersecurity vulnerabilities in the agency's information systems, including concerns tied to the Consolidated Audit Trail (CAT).
A member told the panel she was "very pleased to see the commission vote to stop defending that controversial climate disclosure rule." Atkins said the rule was adopted the prior…
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