Idaho House votes three times against ESG (2023)
| Environmental, social, and corporate governance |
|---|
|
| • 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 |
The Idaho House of Representatives passed three bills on March 2 intended to restrict the use of ESG investments:
| “ |
House lawmakers Thursday gave the green light to a trio of bills allowing the state to boycott businesses and financial institutions which follow environmental, social and governance standards, known as ESG. The standards are guidelines that companies adopt for the way they conduct themselves, or who they choose to do business with. In the financial sector, the standards can guide decisions on where investments may or may not be made. The bills sailed through on a wide margin, with Democrats and a handful of Republicans voting no on each. Rep. Barbara Ehardt (R-Idaho Falls) sponsored two and fought back against arguments that the legislation allows the state to pick winners and losers. “We are not telling businesses how to run their business,” she said on the house floor. “There’s nothing remotely in here that says that, that would be a misdirection, a false narrative.” Nationwide, Republicans have attacked these standards as ‘woke ideology.’ Ehardt says the state needs to protect its industries targeted by ESG reforms. … The three bills now head to the Senate.[1] |
” |
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.
| |||||||||||||||||||||||
