State AGs want more time to comment on bank ESG regulations
Eighteen attorneys general are asking the Securities and Exchange Commission for more time to ponder climate change rules affecting financial firms. The comment period for the two rules expired in the spring. The SEC announced last month that comments on the rules and 10 others might not have been received or documented due to technical errors. The problems seemed to be limited to ones received in August, but the problem could go back to June 2021, the agency said. The SEC proposed an additional 14-day comment period to give people time to re-submit comments. The first rule, “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices,” would require certain investment fund advisors to disclose greenhouse gas emissions in their portfolio. The rule was released by the SEC in May, and the public had 60 days to comment. The “Enhancement and Standardization of Climate-Related Disclosures for Investors” would require financial firms to add climate-related information in their annual reports. The comment deadline expired on May 20. Arkansas Attorney General Leslie Rutledge and 17 other attorneys general sent a letter to the SEC asking them to extend the comment period. “The liberal agenda pushing ESG regulations on banks is creating huge problems for businesses attempting to invest in American economic growth,” Rutledge said in a news release. “Public input shouldn’t be wrongly discarded due to a computer error. Giving the public more time to comment is just common sense.”Attorneys general from Alabama, Alaska, Arizona, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Utah, and West Virginia also signed the letter. Republished with the permission of The Center Square.
Steve Marshall joins nine attorneys general to call for state adoption of The Women’s Bill of Rights
Today, ten attorneys general announced their support for the Women’s Bill of Rights (WBOR). The group also is urging other state attorneys general nationwide to pledge their support. In March, the Independent Women’s Voice, the Independent Women’s Law Center (IWLC), and Women’s Liberation Front (WoLF) released the WBOR to codify the common definitions of ‘woman,’ ‘girl,’ and ‘mother.’ According to the WBOR, this would “ensure that our country’s laws recognize there are legitimate reasons to distinguish between the sexes with respect to athletics, prisons or other detention facilities, domestic violence shelters, rape crisis centers, locker rooms, restrooms, and other areas where biology, safety, and/or privacy are implicated.” Congress has since introduced H. Res. 1136, sponsored by Rep. Debbie Lesko of Arizona and co-sponsored by 28 House members, and S. Res. 644, sponsored by Sen. Cindy Hyde-Smith (MS) and co-sponsored by Sens. Cynthia Lummis (WY) and Ted Cruz (TX). Mississippi Attorney General Lynn Fitch, the first attorney general to support WBOR, said, “Feminism, once understood as the way to promote equality for women, is today disintegrating in an identity crisis of its own making. But it is not only legitimate for women to have a space of their own in which to grow and thrive; it is good for society to carve out that safe space for women to engage with one another in athletics, education, fellowship, and sometimes even in healing.” In April, Gov. Kay Ivey signed legislation restricting transgender students from participating in K-12 sports. The bill says a public K-12 school “may never allow a biological male to participate on a female team.” Additionally, a federal appeals court will hear arguments in November over Alabama’s efforts to outlaw the use of gender-affirming medications to treat transgender minors. Louisiana Attorney General Jeff Landry added, “My mother coached women’s basketball in the ‘70s, and she had to fight for everything for those girls — including simple court time. It’s despicable that radical leftists are jeopardizing the equality that my mom and many other women across the country worked so hard to achieve. Changing the biological definition of a person does not create equity; rather, it creates confusion and harm for all.” “As the first female elected Attorney General of Arkansas, I will do everything in my power to ensure that my daughter and girls across the nation have equal access to athletic, employment, and educational opportunities without being forced to unfairly compete against biological males,” said Arkansas Attorney General Leslie Rutledge. “I helped Arkansas lead this effort with the GIRLS Act, and I am proud to join my colleagues in signing the Women’s Bill of Rights.” The following attorneys general pledged their support of the WBOR: Lynn Fitch of Mississippi, Ken Paxton of Texas, Steve Marshall of Alabama, Leslie Rutledge of Arkansas, Jeff Landry of Louisiana, Doug Peterson of Nebraska, Sean Reyes of Utah, Austen Knudsen of Montana, Patrick Morrisey of West Virginia, and Alan Wilson of South Carolina.
