Pakistan, May 31 -- In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission on Friday proposed repealing a rule that requires some public companies to report their greenhouse gas emissions and the risks they face from global warming.

The climate-disclosure rule has been on hold since last year, after the Republican-led commission said it was pausing its legal defense after legal challenges by business groups and Republican state attorneys general.

The SEC said in a statement that it is now moving to rescind the disclosure rules "in their entirety because they exceed the scope of the 's statutory authority." The rules, finalized in 2024, "impose substantial costs on public companies an...