Key Vote Alert – HOUSE – YES ON H.J. RES. 30
The Club for Growth urges all Representatives to vote YES on H.J. Res. 30, a resolution of disapproval on the Biden ESG Rule. This bill provides for Congressional disapproval under chapter 8, title 5, United States Code, of the rule submitted by the Department of Labor relating to “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” The results of this vote will be included in the Club for Growth Foundation’s 2023 congressional scorecard.
The Club for Growth supports Representative Andy Barr’s (R-KY) resolution of disapproval to nullify the Department of Labor’s final rule, which would allow managers of private employee retirement plans to consider unrelated environmental, social, and governance (ESG) factors when managing these plans.
Allowing managers of private employee retirement plans to consider woke ESG factors not only undermines retirees’ financial interests, it puts these managers in conflict with their fiduciary duties under the Employment Retirement Income Security Act (ERISA). The Biden Administration rule is more woke bureaucratic overreach that imperils retirees’ hard-earned savings accounts and aims to corrode what should be a freely operating market with woke requirements that shift more control to government.
Club for Growth Foundation’s Congressional Scorecard for the 118th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to the public.