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Missouri appeals federal court ruling blocking anti-ESG law (2024)

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September 17, 2024

Missouri Secretary of State Jay Ashcroft (R) on Sept. 13 appealed the recent federal court decision that invalidated two of the state’s anti-ESG investing rules, published last year:

Missouri Secretary of State Jay Ashcroft (R) on Friday appealed a court decision that blocked the state’s environmental, social and governance investing restrictions.

Ashcroft asked the US Court of Appeals for the Eighth Circuit to review a federal judge’s August decision barring Missouri from enforcing the 2023 rules, according to a notice of appeal.

The regulations require investment firms to obtain written consent from their Missouri customers before using any 'social objective or other nonfinancial objective' in their decisions.[1]

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