Political Quotes

On the recordSeptember 19, 2024
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, let me be clear. We all want our investments to grow. Investors want to be able to compare ESG metrics across companies because there is substantial research showing that companies that are actively managing their climate risk and promoting diversity, equity, and inclusion are more profitable, not less. Consistent and transparent disclosure on these metrics are critical for investors who are looking to maximize their investment growth, not just for investors who are looking to put their money toward good causes. This is not just about doing the right thing for the Earth or for employees. It is about doing the right thing for a company's bottom line, the right thing for the growth of our investments, and the right thing for investor choice. My colleague has claimed that nothing in this bill would prevent an individual from investing in companies with ESG policies, but let's take a look at the facts. This bill would make it harder for investors to access clear and consistent disclosures from companies on ESG metrics. How can an investor make informed decisions without that information? They cannot, and that is why this bill is so harmful. It is taking away investor rights and investor choice in order to force MAGA policies on all of us at the expense of investors. It is unacceptable. Mr. Speaker, I reserve the balance of my time.
Said by
Maxine Waters
Democratic · California

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