Congressman Flood Comments on President Biden’s Veto to Reinstate ESG Policy

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood issued a statement following President Joe Biden’s veto of H.J. Res. 30, which would have blocked a regulation from the Biden Administration that allows the financial sector to incorporate Environmental, Social, and Governance (ESG) measures into investing decisions.

“ESG is the dream of woke Green New Deal activists. House Republicans had blocked President Biden’s radical ESG rule - but now the President has issued a veto. If the rule stays in place, the activist class will be on the cusp of coopting the retirement funds of every day working Americans as they push their agenda in financial markets.”