Biden to meet with U.S. financial regulators on Monday
President Biden will meet with financial regulators on Monday.
Driving the news: "The meeting will cover regulatory priorities including climate-related financial risk and agency actions to promote financial inclusion and to responsibly increase access to credit," said press secretary Jen Psaki, according to a press pool report.
Why it matters: Wall Street, K Street, Congress and beyond have signaled to financial regulators their interest in influencing new federal climate disclosure requirements.
- The SEC plans to begin formal rule-making later this year.
The big picture: Biden is also set to continue negotiations with Republicans and Democrats on the American Jobs Plan next week, per Psaki.