SEC Acting Chair Mark Uyeda has halted the defense of the climate disclosure rule, questioning its authority and necessity. Despite this federal reversal, experts suggest commercial real estate may see little practical relief from reporting burdens due to existing state and local regulations.

“I continue to question the statutory authority of the commission to adopt the rule, the need for the rule, and the evaluation of costs and benefits,” he said, according to The Wall Street Journal.

Whatever the implications for other industries, commercial real estate may not see much practical easing of reporting burdens according to some experts speaking with GlobeSt.com.