Dismissing certain disclosures as nonmaterial or irrelevant takes that decision out of the hands of the investor and impedes the asset managers' ability to mitigate risks to clients. Lastly, instead of empowering investors and consumers, this majority has prioritized dismantling diversity and inclusion programs and a full-scale war on environmental, social, and governance policies that investors themselves are demanding. Mr. Speaker, I implore my colleagues to oppose this bill.
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