OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act of 2023

Floor Speech

Date: Sept. 19, 2024
Location: Washington, DC

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Ms. GARCIA of Texas. Mr. Speaker, this bill is just another extreme MAGA political stunt to undermine the safety and soundness of our banks and financial system.

Rather than focus on economic growth, it pushes extremist policies, stripping away critical environmental, social, and governance initiatives and disclosures.

Let's be clear: Climate risk is financial risk, and diversity is good business.

Just look at a recent McKinsey report: Top companies grow more when they consider climate risk and embrace diversity and inclusion than when they only look at the bottom line.

Let's make this simple. Why do Republicans want to take power away from shareholders? Why are they doing away with decades of progress in corporate transparency? Why do they want less information?

This is not an effort to secure economic growth for our Nation. It is an effort to deny reality, something that extreme Republicans are experts at.

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Ms. GARCIA of Texas. Mr. Speaker, I, too, ask: Is this America?

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