On the recordSeptember 19, 2024
Again, I oppose H.R. 4790 because it impedes shareholders' engagement with the companies they own, limits visibility into corporate decisionmaking, and ultimately weakens the foundation of America's strong free market. For this reason, at the appropriate time, I will offer a motion to recommit this bill back to committee. If the House rules had permitted, I would have offered this motion with an important amendment to this bill. My amendment would require companies to disclose when they abandon commitments to diversity, equity and inclusion, or DEI. DEI initiatives at companies lead to more innovative and productive organizational cultures. Establishing a diverse workforce helps companies attract and retain top talent and ultimately drives better business outcomes. I ask unanimous consent to include in the Record the text of this amendment immediately prior to the vote on the motion to recommit. The SPEAKER pro tempore. Is there objection to the request of the gentleman from Illinois? There was no objection. Mr. CASTEN: I hope that my colleagues will join me in voting for the motion to recommit.





