Climate-Related Disclosure Rules Update: SEC Submits Rescission Proposal to OIRA for Review

On May 4, 2026, the U.S. Securities and Exchange Commission (SEC) submitted a proposed rulemaking titled Rescission of Climate‑Related Disclosure Rules to the Office of Information and Regulatory Affairs (OIRA) for review. This submission marks the first formal step toward potential rescission, through notice-and-comment rulemaking, of the SEC’s climate‑related disclosure rules (Climate Rules), which were adopted in 2024. OIRA review is required for significant regulatory actions before an... By: Wilson Sonsini Goodrich & Rosati