Revised ESG bill sets new consent requirement for financial advisers

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Financial advisers would be required to get consent from their clients acknowledging that environmental, social and corporate governance guidelines are used to make investing decisions under a bill that passed out of a Senate committee Tuesday.

The Senate Federal & State Affairs Committee added the mandate language to a bill that's intended to keep environmental, social and corporate governance guidelines out of state and local government investing and contracting decisions.

The disclosure requirement - backed by Republican Attorney General Kris Kobach - is not contained in a House . . .

SSJ

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