Congressman Flood Votes to Block President Biden’s Radical ESG Investing Rule

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood issued a statement following a vote on H.J. Res. 30, which would block 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. With the help of the Biden Administration, the activist class is on the cusp of coopting the retirement funds of everyday working Americans, so they can pour those resources into pushing their agenda. All of this adds up to slowing the growth of your retirement fund, raising your energy prices, and consequently putting a part of the American dream at risk—all in pursuit of the vision of liberal climate thought leaders. H.J. Res. 30 blocks the regulation, prevents the Biden Administration from re-writing the rules of private investing, and helps protect your financial future.”