Senate Banking ranking member Patrick J. Toomey and other committee Republicans are expected to use a hearing Thursday to air their grievances about Securities and Exchange Commission Chairman Gary Gensler’s handling of environmental, social and governance issues, as well as about cryptocurrency.
Toomey, R-Pa., and his GOP colleagues are preparing to argue that “Gensler’s pursuit of a highly politicized liberal policy agenda has distracted him from fulfilling the SEC’s core mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation,” according to a Republican committee aide.
Republicans’ line of questioning will focus on ESG matters such as the SEC’s proposal to require publicly traded companies to disclose climate-related financial risks, the aide said.
