WASHINGTON—The Supreme Court’s decision to curtail the powers of the Environmental Protection Agency may provide legal ammunition for challenges to financial regulations envisioned by the Securities and Exchange Commission and other agencies.
The SEC is regarded by legal analysts as an obvious target for challenges employing logic. EPA case, The Wall Street regulator is drafting rules for disclosing climate risk and greenhouse-gas emissions to public companies. In addition, the impact of the ruling could be broad, touching on initiatives by the Federal Trade Commission, the Consumer Financial Protection Bureau and other agencies, legal analysts said.