“Will any laws change? I think the answer to that is pretty clearly no,” said Josh Lichtenstein, a Ropes & Gray attorney who specializes in ESG issues. What was the point of the exercise? To whittle away at companies’ willingness to come out for progressive causes, says one ESG expert. Barry Loudermilk (R-Ga.) that would increase Congressional oversight of banking regulators and eliminate the Vice Chair for Supervision designation for a member of the Federal Reserve Board. Bryan Steil (R-Wis.) that would reform the proxy voting process and one by Rep. The committee also sent to the full House a bill by Rep. Ralph Norman (R-S.C.) to limit the SEC’s ability to regulate shareholder proposals. Bill Huizenga (R-Mich.) that would limit the type of disclosures the Securities and Exchange Commission can compel and one by Rep. Rather, they targeted federal agencies, as in a bill by Rep. Over the course of six hearings this month, lawmakers on the Financial Services Committee mostly stayed away from bashing big business, as presidential candidates Vivek Ramaswamy and Florida Gov. House Financial Services Committee Chair Patrick McHenry (R-N.C.) is moving the ball down the anti-ESG field.ĮSG MONTH OVER.OR IS IT - House Republicans wrapped up their self-declared “ESG month” on Thursday by advancing a slate of bills aimed at discouraging investment based on environmental, social and governance principles, Jasper Goodman and Eleanor Muller report.
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