Providing for Congressional Disapproval of the Rule Submitted By the Department of Labor Relating to ``Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights''

Floor Speech

BREAK IN TRANSCRIPT

Mr. BEAN of Florida. Mr. Speaker, he is at it again. President Biden's war on America's energy continues.

It started on day one with the cancellation of the Keystone XL pipeline, and 2 years later, this administration is pushing environmental, social, and governance, or ESG, to clog America's oil and gas production.

The Department of Labor is seeking to weaponize American retirement funds as part of President Biden's anti-fossil fuel agenda, all at the expense of your retirement savings. ESG requirements not only exacerbate high energy costs but also contribute to inflationary woes and weaken our national security.

To be clear, ESG is more government control. ESG is less freedom for Americans. ESG simply is a woke capitalist scam posing as responsible corporate governance, which robs Americans of their hard-earned retirement investments.

It is time to stand against the progressive mob, which only wants an inch but seems to take a mile. Today, we are going to say no. We are going to draw the line and say it ends now.

It is time to stand against the progressive mob and safeguard our Nation's energy independence from the outstretched claws of ESG. A correct vote on the bill today is ``yes,'' as a ``yes'' vote today says no to ESG.

BREAK IN TRANSCRIPT

Source