Rep. Barr re-introduces anti-ESG legislation (2025)
| Environmental, social, and corporate governance |
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Rep. Andy Barr (R-Ky.) introduced the Ensuring Sound Guidance Act last week, which would require investment advisors to prioritize factors he says directly affect financial returns over ESG considerations.
This marks the first time Congress has taken up such anti-ESG legislation with unified Republican control of both chambers and the presidency.
Rep. Barr introduced similar legislation under the same title in 2023, while Sen. Tom Cotton (R-Ark.) introduced the bill in the Senate.
According to The New York Post:
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“The Ensuring Sound Guidance Act protects retail investors and retirement savers by reaffirming that financial advisors must prioritize financial returns, not ESG trends. “This legislation is about keeping politics out of your portfolio and restoring the fiduciary responsibility that is essential to investor trust and long-term economic growth.” Barr’s bid to move against ESG was blocked during the previous administration after former commander-in-chief Joe Biden vetoed a draft law that had been passed in both the House and the Senate.[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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