On the recordSeptember 19, 2024
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, today, we have an opportunity to put a stake in the ground and ensure our financial system remains the envy of the world by passing H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act. Under the Biden-Harris administration, agencies that have traditionally been viewed as independent have been hijacked to push through a partisan environmental, social, and governance, or ESG, agenda. Politically motivated, unelected bureaucrats are forcing these leftwing political priorities--which, by the way, Mr. Speaker, Democrats were unable to pass into law even when they had unified control of Congress--on the American people through financial regulation. In other words, rogue Democrat-appointed regulators are forcing companies to waste limited time and resources on ESG political mandates that have little or nothing to do with a firm's financial performance. These misguided ESG efforts don't benefit our banking system or our capital markets. They certainly don't help consumers, workers, job creators, everyday investors, or retirement savers. That is why House Republicans are fighting back with the Prioritizing Economic Growth Over Woke Policies Act. This bill is critical to combat the risks woke ESG initiatives pose to the American people and our financial system.…





