Financial Services Committee to hold four ESG hearings this week (2023)

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July 11, 2023

The U.S. House has returned from its Independence Day break with an ESG-heavy schedule, including four hearings this week in the House Financial Services Committee:

It’ll be a hectic week for financial services policy as well. Republicans led by House Financial Services Committee Chair Patrick McHenry (R-N.C.) are scheduled to host four hearings in three days all about three letters — ESG, the corporate shorthand for environmental, social and governance standards.

Complaining about ESG in the financial sector is one of House Republicans favorite activities these days. The full panel meets on Wednesday to examine “environmental and social policy in financial regulation.” A subsequent trio of subcommittee hearings will then take aim at ESG policy in housing, insurance and the proxy shareholder voting process.[1]

According to the committee’s website, the schedule will be as follows:

Hearing Entitled: Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation July 12, 2023 10:00 AM in 2128 RHOB

Hearing Entitled: Reforming the Proxy Process to Safeguard Investor Interests July 13, 2023 10:00 AM in 2128 RHOB

Hearing Entitled: Oversight of the Proxy Advisory Industry July 13, 2023 2:00 PM in 2128 RHOB

Hearing Entitled: How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing July 14, 2023 9:00 AM in 2128 RHOB[1]

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  1. 1.0 1.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.