Casten: House Republicans Voted Against the Free Market and Investor Freedom
Washington, D.C. — Today, U.S. Congressman Sean Casten (IL-06), co-chair of the Congressional Sustainable Investment Caucus, released the following statement regarding the passage of H.J. Res. 30, legislation which repeals a Department of Labor rule allowing fiduciaries to consider ESG factors in investment decisions:
“House Republicans just unanimously voted in favor of stripping investors of their freedom to make their own investment decisions,” said Rep. Sean Casten. “Preventing fiduciaries from considering climate change and other ESG factors when selecting retirement investments and exercising shareholder rights isn’t just subjecting American workers to worse returns, it is anti-capitalistic and in direct opposition to a free market.
“I’m proud to have stood with my Democratic colleagues in protecting workers’ hard-earned retirement savings by voting against this legislation.”
Earlier today, Rep. Casten took to the House floor to urge his colleagues to vote against the resolution. You can watch his remarks by clicking here.
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