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

Floor Speech

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Mr. ROSE. Mr. Speaker, I thank the chairman, my friend from Michigan, for yielding me time to speak in support of this legislative package that includes my bill, H.R. 4657.

Mr. Speaker, under the Biden-Harris administration, economic growth has been sacrificed to pursue a woke agenda detrimental to Tennesseans. This is one of the many reasons I rise in support of my Michigan colleague's legislation, H.R. 4790.

The Tennesseans I represent can be assured that I will continue to prioritize working families over the woke socialist agenda known as ESG that far-left progressives are inserting into retirement accounts.

My bill that is included in this package, would protect retail investors and retirement savings from leftwing, activist shareholders and socially directed investment funds from abusing the shareholder process to advance their progressive political agendas.

Activist investors that force companies to take social positions on issues like abortion and climate change shouldn't be making business decisions.

My bill would offer companies respite from these harmful and extremist shareholder proposals, which is why my bill is referred to as the RESPITE Act in the Senate.

Tennesseans know firsthand how woke priorities don't align with our values or our financial interests. That is why we stood up to Tractor Supply Company and forced them to care about people again and not politics.

When the Securities and Exchange Commission came after our farmers to collect ESG-related information, the Tennessee Attorney General's office sued the SEC to remind them that they were overstepping by engaging in environmental policy.

Tennessee is proud to lead the charge against the woke agenda championed by the Biden-Harris administration.

That is why, Mr. Speaker, I urge Members to join me in voting ``yes'' on H.R. 4790, so that we can turn the focus back on promoting economic growth and not social wokeness.

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