NFIB Statement on SEC Removing Scope 3 Requirement

Date: March 08, 2024

Small businesses benefit from Scope 3 removal

WASHINGTON, D.C. (March 8, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued the following statement regarding the SEC removing the Scope 3 requirements from its final rule:

“Small businesses can breathe a sigh of relief that the SEC followed NFIB’s recommendation and removed the Scope 3 requirements from its final rule,” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “The Scope 3 requirements would have compelled SEC-regulated companies to track indirect carbon emissions and force many small business owners into a costly, time-consuming reporting regime. In addition, the requirement went far beyond the authority granted to the SEC by Congress. The SEC was wise to follow NFIB’s advice and drop this unconstitutional provision from the final rule. This is a victory for NFIB members and small businesses everywhere.”

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy