This week the SEC, under Acting Chair Mark Uyeda, issued a new staff legal bulletin outlining the commission’s current interpretations of no-action requests from companies, released guidance on when shareholders must submit 13D and 13G filings and asked for a pause in litigation challenging the SEC’s climate disclosure rule.

Republican state attorneys general, state treasurers and auditors, and members of Congress are taking aim at ESG investing.

Shortly after Costco shareholders--following the board’s recommendation--voted down a shareholder proposal asking the Costco to report on the financial risks of its diversity, equity and inclusion (DEI) program, 19 Republican attorneys general sent a letter calling on the company to repeal its DEI policies within 30 days or explain why it is not doing so.