Patrick McHenry, the key Republican on the House Financial Services Committee, isn't as big an opponent of ESG as you might think.
But there is legislation on Capitol Hill sponsored by some Republicans that would take an approach similar to the state actions.
Roy did not respond to multiple requests for comment. His bill co-sponsor, South Carolina congressman Ralph Norman, provided a statement to CNBC, saying, "While it's our hope that we crack down on this ESG nonsense, incoming-Chair McHenry will decide the direction the committee takes. Ultimately, we need severe oversight, first and foremost, and to stop all the other ridiculousness coming from this Administration in our Committee's jurisdiction – including ESG.
On climate change, McHenry said it's not primarily corporations' job to lead the fight: Instead, he said, leadership should come from Congress and other policy makers.
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