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How will House speaker election affect GOP ESG pushback (2023)
| 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 |
Now-ousted Speaker of the House Kevin McCarthy (R) supported his party’s efforts to oppose and investigate ESG in the chamber. So what does McCarthy’s removal mean for House ESG pushback going forward? Lawyer and ESG opponent Jon McGowan, writing for Forbes, argues that the GOP’s ESG plans are unlikely to change going forward:
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With the change in leadership will come a change in priorities. The top contenders to replace McCarthy, House Majority Leader Steve Scalise and House Judiciary Chairman Jim Jordan, have also taken strong anti-ESG positions. Scalise has actively pushed for hearings on ESG, attending the DOL ERISA override resolution signing ceremony and stating after the veto that "House Republicans will keep fighting to overturn this rule allowing ESG investing and to make sure Americans are getting the best retirement they can, not the most woke.” In anticipation to a series of committee hearings, he tweeted that “Woke CEOs who push the Left’s radical agenda at the expense of American families can expect to appear before Congress.” Rep. Jordan has used the power of his committee chairmanship to further attack ESG. Since June, Jordan and the House Judiciary have been probing ESG funds as part of an ongoing investigation, issuing both letters and subpoenas, although the most notable hearings occurred in other committees in July as part of “anti-ESG month.” The change in leadership will most likely result in a number of changes in legislative priorities. However, if either Scalise or Jordan assume the speaker role, it is safe to assume that anti-ESG stances will continue to be a priority.[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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