id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
inlawrev-28361	Manahan, Benjamin G.	An Elephant Too Big to Hide: Why SEC Environmental Disclosures Will Not Survive a Legal Challenge	2024	24	.pdf	application/pdf	11131	677	52	While the Commission clearly relies on these acts of Congress to validate its environmental disclosures for registrants, a court would only uphold this regulation upon finding these are “clear statement[s]” of authorization.95 A. Broad or Specific Language At the outset of the search for a clear statement, courts will struggle to see how the broad language of the Securities Act and Exchange Act authorize the Commission to require environmental disclosures in registrant’s financial reports. Yet, the Commission claims to have authority to require environmental disclosures “for the protection of investors” and due to “necessary . . .	cache/inlawrev-28361.pdf	txt/inlawrev-28361.txt