WASHINGTON – Yesterday, Rep. Byron Donalds (R-FL) spoke on the floor of the United States House of Representatives in opposition to H.R. 1187 ESG Disclosure Simplification Act of 2021.
“The introduction and enforcement of mandates requiring public companies to disclose diversity quotes, climate change efforts, and social justice initiatives do not promote efficiency in the marketplace. Implementing a socially leftist and fascist political agenda in our capital markets is in direct contrast with the mission of the U.S. Securities and Exchange Commission.
"H.R. 1187 forces companies to adhere to metrics irrelevant to our economic markets and bend to the wishes of the politically correct mob. This legislation is creating a dangerous narrative by allowing the government to dictate bad and good companies based on the opinions of a small minority. This legislation manipulates the free market and unnecessarily expands the size and scope of government."
Full video testimony can be found here.
