Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in opposition to H.R. 5339, the so-called Protecting Americans' Investments from Woke Policies Act. This bill packages four separate bills that the Committee on Education and the Workforce reported on party line votes. H.R. 5339 relates to what is known as environmental, social, and governance or ESG investing. Many of us believe that workers should be able to invest in a way that reflects their values, whether combating climate change or promoting health and labor standards, without sacrificing investment returns. To be clear, this kind of investing is not at odds with making a profit. In fact, it makes good financial sense to carefully consider investments that account for a company's exposure to such liabilities as high liability risks, fossil-fuel-dependent business practices, or vulnerability to sea level rise, like whether or not an asset is going to be underwater in 15 years. It would be nice to know that, but you shouldn't be prohibited from even considering it. These are among the factors that could cause a stock to suffer over the long-term horizon. Considering that workers often contribute to their retirement accounts for decades before drawing down their savings, it makes perfectly good sense for those managing the workers' accounts to consider long-term impacts when making investment decisions.…”