Today, the National Association of Wholesaler-Distributors (NAW) filed an amicus brief in Iowa v. SEC.

“This rule is yet another instance of federal overreach, disproportionately impacting small businesses. Already, consultants are advising publicly traded companies to solicit the smaller businesses in their supply chains to determine and disclose their company’s climate-related risks,” said Brian Wild, Chief Government Affairs Officer at NAW. “As our brief points out, most small businesses would not even know where to start in trying to calculate whether their business faces any climate-risk. The added pressures from the downstream impacts of the SEC rule only worsens challenges for employers grappling with record inflation and an increasingly burdensome regulatory environment. It’s clear there’s a growing anti-business attitude in Washington, targeting the very companies that keep our economy running.”

Mountain States Legal Foundation is representing NAW in this case.

NAW is one of America’s leading trade associations, representing the $8 trillion wholesale distribution industry. Our industry employs more than 6 million workers throughout the United States, accounting for approximately 1/3 of the U.S. GDP. 250,000 wholesale distribution companies operate across North America, including all 50 states.