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Biden Administration ESG Initiative Draws Scorn from Republican Lawmakers

By Maydeen Merino
August 01, 2023

The Biden administration's efforts to establish environmental, social, and corporate governance requirements on corporations has drawn scorn from Republican lawmakers even as companies learn to navigate the ESG initiative with an unclear regulatory framework.

House Judiciary Committee Chair Jim Jordan (R-OH), and two other GOP lawmakers sent letters in July to asset management companies, claiming their collaborative efforts to avoid investing in environmentally suspect companies could potentially violate U.S. antitrust laws.

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