The U.S. House of Representatives on Thursday passed H.R. 4790, the “Prioritizing Economic Growth Over Woke Policies Act,” by a vote of 215 to 203. Alaska’s Rep. Mary Peltola voted with all Democrats against the measure, which now heads to the Senate.
H.R. 4790, introduced by Congressman Bill Huizenga of Michigan, would make it easier for Americans to save for retirement and increase their financial security by preventing regulatory overreach that pushes social and environmental engineering. The bill restores the standard that holds large proxy advisory firms accountable, and blocks federal regulators from inserting ESG [Environmental, Social, Governance] mandates and other liberal woke initiatives into the financial system. These mandates have been inserted by the Biden-Harris Administration and now nearly every pension plan has a section of its investments dedicated to these low-return initiatives.
“The mandates being put forward by the Biden-Harris Administration make it so my constituents will retire with less financial security,” Huizenga said. “With inflation and high prices negatively impacting seniors on a fixed income as well as individuals and families trying to find a way to make ends meet, Washington shouldn’t be making it harder for Southwest Michigan families to achieve the American Dream.”
Social policies are being inserted by regulators into investment decisions made by people who have the fiduciary responsibility to get the most for their clients. Investment advisors are being pushed to invest in risky solar and wind projects as part of pension plan portfolios,
“Stopping these misguided mandates will help everything from larger city police pension funds to a married couple in Southwest Michigan looking for better returns and greater financial security. This legislation is a win for families in Battle Creek, Holland, Kalamazoo, Mattawan, Plainwell, St. Joe, and everywhere in between who are working to build a brighter and more secure financial future,” Huizenga said.
Caring about the environment, social causes, and the downtrodden is a luxury afforded to the wealthy.
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As soon as you place those luxuries before maintaining and growing the wealth, you will lose both your wealth and your cause.
Peltola is a pure nutcase. She hates Alaska oil development. Like a wacky Green New Dealer from a Lower 48 big city, she thinks cars, trains, jets, home boilers, electricity, snowmobiles, long-haul trucks, etc should run on solar panels and windmills. No brains Mary.
We need to cut off fuel for her villages. And send a solar panel and a wind mill.
Give her voters what they want.
Another clear cut example of how much of a democrat apparatchik Mary Peltola is. She will always vote for democrat issues even if it is bad for Alaskans. Or she will either be confidently absent or vote ‘present’ if her vote will really tick off Alaskans. There is a very clear choice in this election. Vote for Nick Begich who is a conservative voice for issues that matter for Alaskans.
Of course she does.
100% bought and paid for. Her ads that we’re bombarded with make me ill.
If you want to invest in ESG/Woke companies, fine, that is a choice you can certainly make.
If your company wants to invest your pension in ESG/Woke without giving you an option to use other investment strategies, I have a HUGE problem with that.
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And, that problem is compounded when the Federal Government is requiring it, or making it more difficult for the worker to know what their retirement is invested in.
Look at it from her side. You, serf, are not supposed to have money for your future. The Imperial Federal government is responsible for that.
You will have your pittance, be cold in winter, and eat dog food.
You will beg for your pittance, be dead from winter, and eat dogs.
All the while, the “elites” (read that as parasites) will be luxuriating in their walled estates, enjoying steaks, champagne, and the best produce.
But she pushed through the Willow Project after 30 years /s
Willow would’ve been a pimple on a caribou’s a** if not for her….
How’d she do that? Please explain what actions she took.
I see she keeps her tranportation close at hand on the wall.
How much of the Permanent Fund is invested with these woke-infected (ESG, DEI, & BDS) organizations?
Suzanne, the subject pictures you find bring a tear to my eye. Lovely
A broom!??
The content is great too.
We live in bizarre times. Soon to get more bizarre. There is no fixing this without a miracle or massive blood spillage. Ide prefer the first.
Winter’s comin’
Mary only does what Jeffery and Murkowski tells her to do. Need someone who can think on their feet.
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