Providing for Congressional Disapproval of the Rule Submitted By the Department of Labor Relating to ``Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights''

Floor Speech

Date: Feb. 28, 2023
Location: Washington, DC


Ms. OMAR. Mr. Speaker, I rise today in strong opposition to H.J. Res. 30.

When we, as Americans, are given the opportunity to know what investments to make, the kind of investments that we can make, and the kind of impacts that they will have, that matters. That choice should always be with each one of us. The investments that we make might have an impact on the rest of the world.

Many of us would be outraged if we knew that our investments went toward forced labor activities in China and other parts of the world. Yet, this resolution would make it difficult for hardworking Americans to determine what investments are being made in their name.

Our constituents deserve the freedom to access this information and to have the right to ensure that their money is being invested in a way that is aligned with their values.

Mr. Speaker, I urge my colleagues to reject this resolution and protect the rights of Americans to make financial and moral decisions about the kind of investments that they want their retirement to be made of.