OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

ESG Disclosure Simplification Act of 2021

Floor Speech

Date: June 16, 2021
Location: Washington, DC
Issues: Business and Consumers

BREAK IN TRANSCRIPT

Ms. UNDERWOOD. Mr. Speaker, I rise in support of this legislation and my amendment with Representatives Frankel, Nadler, Speier, and Blunt Rochester, which would require public companies to report on workplace harassment settlements in their SEC filings.

The amendment is pulled from the EMPOWER Act, a bipartisan bill I am proud to co-lead alongside Congresswoman Frankel and my Republican and Democratic colleagues.

For too long, many employers have tolerated, and even encouraged, a culture of secrecy surrounding workplace harassment, writing settlements off as a cost of doing business.

This amendment would shine a light on major employers that fail to protect their employees, improve transparency for shareholders, and encourage companies to ensure a safe, healthy, and productive workplace.

This is an important bipartisan policy, and I urge my colleagues to vote ``yes'' on the amendment and the underlying bill.

BREAK IN TRANSCRIPT


Source
arrow_upward