Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, contrary to what we have heard this afternoon, the Biden-Harris administration has put forth a sensible rule related to ESG investing that puts the decisionmaking where it belongs: with the retirement plan professionals who are best positioned and bound by law to make sound decisions on behalf of workers. They, not Members of Congress, know what is best for their particular retirement plan. H.R. 5339 reflects a mistaken premise that House Republicans, not retirement plan professionals bound by fiduciary responsibilities, know what is best. A diverse group of stakeholders, including the AFL-CIO, AFSCME, Americans for Financial Reform, League of Conservation Voters, National Women's Law Center, Oxfam America, and others weighed in against this bill. Mr. Speaker, I include in the Record two letters. AFL-CIO, September 17, 2024. Dear Representative: On behalf of the AFL-CIO, I urge you to oppose H.R. 5339, RETIRE Act, which is composed of the following four anti-ESG bills: No Discrimination in My Benefits Act (H.R. 5338). Retirement Proxy Protection Act (H.R. 5337). Providing Complete Information to Retirement Investors Act (H.R. 5340). Roll Back ESG to Increase Retirement Earnings Act (H.R. 5339). H.R. 5339 would roll back or block the inclusion of relevant investment factors in retirement plans, which include environmental, social, and governance (``ESG'') risks.…”