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Anti-ESG activity stalls in Congress (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Anti-ESG activity in Congress is unlikely in the final month of the legislative session, according to Bloomberg Law. House Republicans focused on opposing ESG in 2023, but their plans for additional legislation, investigations, and reports have stalled in 2024:
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Congressman Bill Huizenga had planned on a legislative victory this summer in his ongoing battle against the environmental, social, and governance movement. He would issue a final report with fellow Republicans on the House Financial Services Committee showing how ESG considerations hurt investors and financial markets, hold a congressional hearing to drive that point home, and then bring a measure to the House floor that would kill one of the Biden administration’s signature ESG regulations: the SEC’s March rules mandating that public companies disclose their greenhouse gas pollution. That scenario didn’t happen. The House adjourned earlier than anticipated for its August recess and the Financial Services Committee had to cancel the hearing where Huizenga had planned to make his anti-ESG case. Huizenga’s working group instead released its report on Aug. 1 with little-to-no-fanfare. The Michigander also appears to have missed the deadline that would have allowed a fast, simple-majority vote to pass his resolution to kill the Securities and Exchange Commission’s climate rules. The fate of Huizenga’s plan is similar to that of other so-called anti-woke initiatives in the chamber, showing a federal legislative campaign to steer corporate America away from ESG has stalled.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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