Banking

What banks require to see from the House GOP’s anti-ESG month

WASHINGTON — It’s anti-ESG month for House Republicans, which suggests a blitz of hearings and legislation intended mainly at ecological efforts and programs at all sort of business, consisting of big banks. 

This week marked the very first in the House Financial Services Committee’s programing for the bigger GOP effort. It ended mostly the very same method it started — with both sides deeply entrenched along partisan lines. That suggests that it’s exceptionally not likely that any sort of legislation on ESG concerns will make it through Congress to President Joe Biden’s desk. 

That stated, the GOP’s ant-ESG project (and the Democratic reaction) is still crucial to see, as the nationwide argument sets the phase for state-level arguments throughout the nation. And sometimes, depending upon the result of the 2024 governmental race, the discussions that legislators are having now might set the phase for legislation down the line. 

Here are 4 takeaways from the week’s marathon hearings on ESG. 

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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