Americans for Prosperity Commends Passage of Bill Stopping ESG Investments

Mar 13, 2023 by AFP

NASHVILLE — Americans for Prosperity-Tennessee (AFP-TN) State Director Tori Venable released the following statement after the State Senate approved SB955:

“Tonight’s vote in the Senate shows that Tennessee will not bow to the woke, radical agenda of environmental, social, and corporate governance goals. We commend Leader Johnson and Treasurer Lillard on their efforts to protect Tennesseans’ retirement savings by ensuring fiduciary responsibility and prohibiting unsound, politically motivated ESG investments. Just last month, grassroots efforts made it clear they did not want radical ESG ideals holding their retirement accounts hostage. Today, I am proud to see Tennessee make the same choice.”

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.