The Biden-Harris administration is once again putting its radical political agenda ahead of the well-being of the American people. The administration's new rule would put the retirement fund of millions of Americans at risk by forcing fiduciaries to consider ESG over financial factors. This is deeply irresponsible. ESG funds are well known for poor performance and high risk, yet this administration is encouraging fiduciaries to gamble with retirees' hard-earned savings. This rule shows that the Biden-Harris administration doesn't care about the financial security of millions of retirees. Retirement savings should focus on maximizing returns, not advancing the far left's political agenda. Americans invest to provide for themselves and their families, not to fund activist projects or woke policies. Fortunately, Republicans are taking action to stop this dangerous trend with the Protecting Americans' Investments from Woke Policies Act. This bill ensures that retirement plans are focused solely on economic factors, protecting workers' savings from politically driven, underperforming ESG investments. Madam Speaker, I urge my colleagues to support this bill.
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I do. The Acting CHAIR. Without objection, the gentlewoman reclaims her time and is recognized. There was no objection.





