James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed concern about SEC’s actions to circumvent Congress and harm American taxpayers. The issue at hand is the SEC’s coordination with the European Union (EU) on environmental, social, and governance (ESG) and climate-related issues. Comer and Senator Tim Scott previously requested information about US cooperation with the EU on climate legislation that could impact US companies. The SEC has not been responsive to their requests, providing mostly publicly available documents or those released under the Freedom of Information Act. Comer’s letter echoes previous threats made by Patrick McHenry, who also criticized Gensler’s handling of information requests. Comer also mentioned the Supreme Court’s West Virginia v. EPA ruling, which could impact the SEC’s activities in the crypto sphere.

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Information	Details
Geography	Europe
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	James Comer, Tim Scott, Janet Yellen, Gary Gensler, Sam Bankman-Fried
Companies	Securities and Exchange Commission (SEC), United States House of Representatives Oversight and Accountability Committee, European Union (EU), Treasury Secretary Janet Yellen, House Financial Services Committee
Currencies	None
Securities	None