Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.J. Res. 30, a Congressional Review Act resolution nullifying the Biden administration's attempt to politicize the retirement savings of Americans. ESG investing puts the future of millions of Americans in jeopardy. Due to Biden's reckless economic policies, too many Americans are worried about the rising costs of living. Diverting retirement savings to fund social justice causes will make this problem even worse. For current retirees, the situation is especially salient. Last year, the Biden Department of Labor published a rule allowing retirement plan fiduciaries to consider environmental, social, and governance, ESG, factors for making investment decisions and exercising shareholder rights. The rule removed commonsense protections for retirement savings established by the Trump administration, which ensured that retirement plan fiduciaries evaluate investments and exercise shareholder rights based only on the financial benefits to participants and beneficiaries. That is what retirement savers expect. Now, thanks to Democrats, workers can be placed into ESG investment vehicles by default. If a fiduciary finds that two investments are equal, the fiduciary is allowed to use collateral ESG factors to break the tie without justifying or documenting that decision.…”