Committee Republicans Introduce Measures to Combat the Influence of ESG Initiatives in America's Financial System

Press Release

"America's banking regulators are implementing regulations on climate change in the form of environmental, social, and governance (ESG) policies, but the American people and Congress are being left in the dark as to how these policies are being formulated. Federal regulators don't even know who funds the models they use to make these regulations. This is why I have introduced the American Financial Institution Regulatory Sovereignty and Transparency (American FIRST) Act, which will require bank regulators to report the details of their meetings with international organizations and provide Congress with a cost-benefit analysis of any regulation that brings U.S. regulatory policy in line with foreign regulatory policy. I want to thank Reps. Bill Huizenga (R-MI) and Andy Barr (R-KY) for their hard work on this, and Chairman Patrick McHenry (R-NC) for helping get this legislation through the Committee."

Source