Political Quotes

“As the chair said, if ESG funds performed better, investors would choose those based on their performance, not because they are ESG compliant. Mr. Speaker, I support passage of 5339. This legislation will protect Americans' retirement savings from the left's woke agenda. On day one, the Biden administration pursued a radical agenda focused on so-called diversity and equity instead of truly helping everyday Americans. This agenda infiltrates every sector of our society under the Biden administration, including the way people invest their hard-earned money. For decades, Federal law has required fiduciaries, or those we trust to invest on our behalf, to adhere to principles of prudence and loyalty to the investors' best interests. The prudence and loyalty of the fiduciary to the investor protects the American public. Now the Biden administration has decided these principles are no longer the primary concern. No, under Biden-Harris, your best interest is not the main priority. Investments must now meet certain radical and environmental standards and support the left's equity agenda. This could mean investing in a solar energy company and overlooking an oil or a gas stock that might be a better financial investment. It might mean that the company overseeing your portfolio needs to adhere to DEI practices and hire people because they look a certain way, not because they are the most qualified. This is called ESG investing, and, of course, this is wrong.…”