The SEC's timeline for deciding whether to finalize the rescission remains unclear. The agency voted in 2025 to end its legal defense of the rules in pending litigation, signaling internal support for reversal, but the formal rulemaking process is still underway.
The stakes are direct: whether investors and retirement account holders retain access to standardized climate risk data for public companies. Bonta's coalition argues that rescission would leave investors uninformed about material financial exposure. The SEC's decision will determine whether the 2024 framework survives or is eliminated entirely, making this a critical inflection point for climate-related securities disclosure.