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House Republicans have launched a broadside at the Biden Administration’s emphasis on Environmental, Social and Governance investing, contending that regulators—particularly the SEC—are exceeding their power in making it a priority.

“Across the nation, boardrooms are being held hostage by those who push policies that will lower returns for Americans trying to build a brighter and more financially secure future, Rep. Bill Huizenga, R-Mich, chairman of the Republican Environmental, Social, and Governance Working Group, said as the group released its preliminary report.

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