McCarthy: Biden ESG Rule ‘Sounds a Little Like Venezuela, He Wants to Impose His Left-Leaning Activist Views on Companies’

EXCERPT:

McCARTHY: "Yes, those on Social Security will get a cut if you follow what the President is doing. He is attacking Social Security by doing nothing about it. But what else does he do to attack the American public? I just had a bill-signing yesterday where I'm sending to President’s desk, for all those who want to save money on their 401(k)s and others, look and have a choice where best to put your investment to have that company you invest in give you a greatest return on investment, the President is now putting regulation and then says, 'No, you can’t make that decision,' because he believes in ESG. They got to invest, these  companies have to invest in his liberal approaches, liberal ideas, his environment, his socialist things he wants to do, so you don’t get a higher return on investment for your 401(k)s will be hurt, you'll have less money, you'll have to work longer. This is just a wrong approach for America."