H. J. Res. 30 would reverse the December 2022 Labor Department rule modifying standards under the Employee Retirement Income Security Act to allow retirement-plan fiduciaries to consider environmental, social, and governance (ESG) factors in making investment decisions and exercising shareholder rights, including when voting on shareholder resolutions and board nominations.
The Senate passed H. J. Res. 30 on March 1, 2023 by a vote of 50 to 46 (Roll Call 35). We have assigned pluses to the yeas because “woke” ESG policies, which corporations and governments are increasingly embracing, are aligned with the United Nations’ Agenda 2030. The UN’s Agenda 2030 is inherently contrary to the Constitution, and ESG promotes leftist policies including radical environmentalism, gun control, and the LGBT agenda. Plus, the U.S. Constitution does not authorize the federal government to regulate retirement plans.
