Senators Mike Crapo (R-ID,) ranking member of the Finance Committee, and Joni Ernst (R-IA,) ranking member of the Committee on Small Business and Entrepreneurship, et.al., urged the Chair of the Federal Reserve Board to shift its focus away from climate-related matters.
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House Financial Services Committee Chair Patrick McHenry (R-NC) and Subcommittee Chair Bill Huizenga (R-MI) characterized as "unacceptable" the SEC's failure to satisfy Congressional requests for information on (i) the charges against Sam Bankman-Fried of FTX, (ii) proposed regulations on climate change and (iii) digital asset entities that have sought to register with the SEC.
Federal Reserve Board Governor Christopher J. Waller argued that climate-related risks do not merit “special treatment” when monitoring the financial stability of the United States.
SEC Commissioner Hester M. Peirce expressed "grave concerns" about imposing ESG disclosure standards and taxonomies. She asserted they could "commandeer" private capital and could lead to systemic instability.
The National Credit Union Administration requested comments on climate-related financial risks facing federally insured credit unions and the National Credit Union Share Insurance Fund