House GOP Doubles Down on Anti-ESG Messaging With New Measures

Republicans signaled that removing environmental, social and governance considerations from financial decision-making will remain a hot-button issue for them in 2024 political campaigns by advancing another package of bills that observers say is more about messaging than substance.

The Education and Workforce Committee passed four measures Thursday along party lines that together would generally attempt to restrict—but not prohibit—investment advisers and financial institutions from considering ESG factors in retirement-investment advice. The move follows a month-long effort by Financial Services Committee Republicans in July to pass a series of similar bills aimed at attacking the once-esoteric Wall Street investing strategy. ...