Political Quotes

“These organizations have diverse missions, but they all agree that H.J. Res. 30 should be rejected. Mr. Speaker, I include in the Record two letters from financial services firms who submitted supportive comments on the underlying rule. These firms are BNY Melon Investment Management and Lazard Asset Management, who have trillions of dollars in assets under management. BNY Mellon, December 13, 2021. Office of Regulations and Interpretations, Employee Benefits Security Administration, U.S. Department of Labor, Washington, DC. On behalf of BNY Mellon Investment Management, thank you for the opportunity to submit comments on the notice of proposed rulemaking entitled ``Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights'' (the ``Proposal'') published by the U.S. Department of Labor (the ``Department''). We strongly support the Department's efforts to clarify the regulatory treatment of environmental, social, and governance (``ESG'') factors under Title I of the Employee Retirement Income Security Act of 1974, as amended (``ERISA'') following the publication of ``Financial Factors in Selecting Plan Investments'' and ``Fiduciary Duties Regarding Proxy Voting and Shareholder Rights'' (together, the ``Current Rules'').…”