House Judiciary Republicans back on anti-ESG crusade

By Emma Dumain | 06/10/2024 06:51 AM EDT

A hearing will discuss whether environmental, social and governance investing is encouraging “anticompetitive collusion.”

Rep. Thomas Massie (R-Ky.).

A House Judiciary subcommittee chaired by Rep. Thomas Massie (R-Ky.) will hold a hearing this week on environmental, social and governance investing. Francis Chung/POLITICO

The House Judiciary Committee is again wading into the debate over environment, social and governance spending.

The Subcommittee on Antitrust, Commercial and Administrative Law and Antitrust — chaired by Rep. Thomas Massie (R-Ky.) — will hold a hearing Wednesday on “Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing.”

The purpose of the hearing, according to an official description, is to “examine whether existing civil and criminal penalties and current antitrust law enforcement efforts are sufficient to deter anticompetitive collusion to promote ESG-related goals in the investment industry.”


It comes after the GOP-led House Financial Services Committee and the House Committee on Oversight and Accountability have taken the lead on efforts to combat regulations requiring financial managers to screen for climate risks, which have taken the form of hearings, investigations and legislative packages.