Sustainable Investment Caucus Statement on Education and Workforce Committee Markup of Anti-ESG Bills
Washington, D.C. — Today, U.S. Congressmen Sean Casten (IL-06) and Juan Vargas (CA-52), co-chairs of the Congressional Sustainable Investment Caucus, released the following statement regarding the Education and Workforce Committee markup on anti-ESG legislation:
“We are once again disappointed, but not surprised, by House Republicans' ongoing attacks on investor freedom and the free market. Today’s Education and Workforce Committee markup makes it clear that House Republicans believe that Americans should be limited in how they can invest their hard-earned savings.
“Republicans seek to make harmful and unnecessary changes to ERISA that completely undermine workers’ retirement security by forcing fiduciaries to ignore financial risks and limiting their ability to act in the best interests of those who have entrusted them with their money.
“We urge our Republican colleagues to come to their senses and end this assault on Americans’ retirement savings and pensions.”