Americans for Prosperity Commends Passage of Bill Stopping ESG Investments

Apr 6, 2023 by AFP

COLUMBIA, SC — Americans for Prosperity-South Carolina (AFP-SC) State Director Candace Carroll released the following statement after the State House approved H 3690:

“This crucial bill will protect South Carolinians’ retirement savings by ensuring fiduciary responsibility and prohibiting unsound, politically motivated investments. From Congress to state capitals across the country, lawmakers are rejecting radical ESG ideals that threaten to hold retirement accounts hostage. I thank Rep. Taylor and Speaker Smith for standing up to woke, radical environmental, social, and corporate governance goals.”

Background:

In February, AFP launched a national campaign urging Congress to pass a bipartisan resolution led by Sen. Mike Braun (R-IN), Sen. Joe Manchin (D-WV), and Rep. Andy Barr (R- KY) to stop Biden administration rules that would allow retirement plan managers to use environmental, social and governance (ESG) issues when making investment decisions on behalf of their clients.