House Republicans scheduled several hearings this month to probe ESG investing, which has become a big target on the right.
Rep. Patrick McHenry and Chairman of the House Financial Service Committee Maxine Waters listen as David Marcus, CEO of Facebook’s Calibra, testifies on "Examining Facebook's Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System" on Capitol Hill in Washington, U.S., July 17, 2019.
The industry lobbying group said recent changes from the SEC are harmful to manufacturers and are "putting their ability to finance their growth in jeopardy," according to the letter, which CNBC obtained. NAM plans to send the letter to the committee Monday. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif.
The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. NAM represents about 14,000 companies, including
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis: New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an 'anti-woke' business agenda even as such ideas struggle for legislative backing.
Read more »
House Oversight Committee Investigating Cocaine Found in Biden White HouseHouse Oversight Committee Chairman James Comer (R-KY) sent a letter to Secret Service Director Kimberly Cheatle requesting a briefing on the details surrounding the discovery of cocaine in the White House, as the committee investigates what happened.
Read more »
House GOP treads lightly in culture war on Wall StreetWhile framing criticism of ESG as holding Wall Street to account, House Republicans appear to be picking spots where they’ll minimize friction with the financial services industry.
Read more »
Top Republicans are gearing up to investigate the Hunter Biden caseThe Republican chairmen of three key House committees are joining forces to probe the Justice Department’s handling of charges against Hunter Biden after making sweeping claims about misconduct at the agency.
Read more »
Iowa Republicans to hold 2024 presidential caucuses on Jan. 15The January contest will be the first leg of the battle for the GOP presidential nomination between Donald Trump, Ron DeSantis and others.
Read more »
WATCH LIVE: Trump to speak with Nevada Republicans in Las Vegas campaign stopFormer President Donald Trump is planning to speak at a Las Vegas church on Saturday evening, marking his first campaign stop this election cycle in the battleground state of Nevada.
Read more »