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ESG Disclosure Simplification Act of 2021

Floor Speech

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

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Mr. MEEKS. Madam Speaker, I thank Chairwoman Waters for her leadership on the Financial Services Committee.

Today, I urge bipartisan support for H.R. 1187, including the passage of my amendment, the Improving Corporate Governance Through Diversity Act.

As we continue these conversations about equity and closing the racial wealth gap, this amendment is a key component because it will empower investors with better data to drive diversity efforts in corporate America. This is precisely because investors recognize that profit, performance, and inclusive governance are logically intertwined.

That is why my amendment, which I want to thank Representative Maloney and Representative Torres for working with me on, seeks to enhance the SEC's current diversity disclosure regime by requiring public companies to disclose race, ethnicity, gender identity, sexual orientation, and veteran status on the boards and in the C-suites.

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Mr. MEEKS. Madam Speaker, the American economy cannot reach its full potential without fully redressing persistent barriers that have kept whole communities from being able to build wealth and share in opportunities of prosperity.

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