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

Floor Speech

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Mr. NUNN of Iowa. Mr. Speaker, I rise in support of H.R. 4790, and I thank our chairman, the gentleman from Michigan (Mr. Huizenga), for leading this very important bill.

The rising cost of living and inflation are making it hard for everyone, particularly those in ag States like Iowa. Over half of Iowans rely on some type of retirement account just to plan for their future--their kids' future, their future retirement, their ability to buy a first-time home.

However, some investment managers are now letting politics guide their decisions, not free market principles. They are working not to improve returns for their investors, retirees, or every American, but working in a way to align their politics before actual market-based principles.

That is why I believe we must pass this bill, which includes my Protecting Americans' Savings Act, and eliminate these tragic conflicts of interest. We cannot allow unelected bureaucrats, administrators, or political activists to gamble with Americans' hard-earned and well- invested future. The retirement savings that are being led here ensure that our companies do what is best for all Americans, including my constituents back home in Iowa, not the political motivations of a few.

Mr. Speaker, I urge passage of this legislation. I thank Mr. Huizenga for his strong leadership and work in making sure that this can come to the floor and pass.

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