Chairman of the U.S. House Oversight and Accountability Committee James Comer has threatened to subpoena documents the Securities and Exchange Commission has failed to provide since June.
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission chair Gary Gensler with a subpoena. Hein the letter dated Oct. 12, that the committee will have “no choice” but to use compulsory measures to obtain documents if the SEC does not start cooperating with it.
Comer also expressed concern about SEC “actions taken to circumvent Congress to further an agenda that harms American taxpayers.” Cryptocurrency proponents in Congress have often complained about Gensler in similar terms, but this letter is not about crypto. Rather, Comer was writing about coordination with the European Union on environmental, social, and governance and climate-related issues, as well as SEC stonewalling.
These words practically mirror Patrick McHenry’s letter of April 12, where he wrote, “The 232 pages of documents provided by your staff after the briefing are publicly available and not responsive to the request.” McHenry wasCrypto-friendly Patrick McHenry takes interim House Speaker position Crypto supporters will also hear echoes of themselves in Comer’s phrase “it is not clear that the law provides such authority and we must determine whether legislation is necessary.” In his first letter, Comer reminded Gensler of the Supreme Court’s West Virginia v. EPA ruling, which pertained to the major questions doctrine and
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