House GOP Protects American’s Retirement Savings from Woke ESG Measures
Washington, February 28, 2023
Washington, D.C. – Congressman Michael C. Burgess, M.D. (R-TX), Vice Chairman of the House Rules Committee, provided the following statement after voting for H.J Res. 30 which would nullify a Department of Labor rule concerning the fiduciary duties with respect to employee benefit plans.
“President Biden’s woke Department of Labor rule allowing 401(k) investment managers to allocate dollars to ESG investments without their employees consent is outrageous,” said Burgess. “House Republicans will not allow American’s retirement accounts to be funneled into the Lefts woke political agenda. Essentially, the Biden Administration wants to use this rule to politically weaponize American’s life savings. Tonight, Republicans sent the message loud and clear- we won’t stand for it.”
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