The House approved broad legislation Thursday meant to shield companies from people wanting to push what Republicans call “woke” investing.
Lawmakers voted 215-203 for H.R. 4790, the “Prioritizing Economic Growth Over Woke Policies Act,” a package of bills from Financial Services Committee Republicans that look to curb the incorporation of environmental, social and governance (ESG) factors into investment decisions and shareholder votes.
House Republicans have spent this week tackling ESG, which they have long seen as a tool to force companies to prioritize left-leaning ideas over the bottom line.
Advertisement
On Wednesday, the House voted in favor of H.R. 5339, which would stop managers of retirement funds from using ESG in their investing decisions.
