House Republicans reveal ESG costs targeted at regulators

Republicans on the House Financial Services Committee today revealed 4 costs targeted at suppressing what they identified as ESG excesses amongst regulators, consisting of legislation that would get rid of the position of vice chair of guidance at the Federal Reserve. The 4 costs integrate numerous Republican costs on ESG, with 3 concentrated on the Securities and Exchange Commission. The 4th expense would increase congressional oversight of banking regulators and eliminate the vice chair of guidance classification from the Fed.

“America’s banking regulators are implementing regulations on climate change in the form of environmental, social and governance policies, but the American people and Congress are being left in the dark as to how these policies are being formulated,” stated Rep. Barry Loudermilk (R-Ga.), sponsor of the banking regulator expense.


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