Political Quotes

“Mr. Chair, I rise in opposition to this amendment, as well. Contrary to the misrepresentations made by environmental, social, and governance opponents, the SEC's disclosure rule on ESG investments takes no position on the merits of these approaches. The rule does not define ESG or stipulate any particular approach to it. Instead, this is a rule that requires, for those who make such investments, the disclosure of information about how ESG is defined and implemented in applicable investment portfolios. The rule will offer increased transparency for investors and protect them from exaggerated or unfounded claims related to ESG investments being made. Now, if it passes, my friend from South Carolina's amendment would leave investors in the dark and leave them vulnerable to getting misled or bamboozled about ESG claims. I strongly oppose this amendment, and I urge a ``no'' vote. Mr. Chair, I reserve the balance of my time.”