Source: United States Senator for Nebraska Deb Fischer
WASHINGTON, D.C. – U.S. Senator Deb Fischer (R-Neb.) joined several of her Senate Republican colleagues in reintroducing the Food and Energy Security Act, which would prohibit the Biden administration from forcing its environmental, social, and governance (ESG) agenda onto the American economy.
Specifically, the bill would require federal financial regulators to estimate the impact of their rules on businesses involved in the agriculture or energy supply chains. If any rules are estimated to drive up food, energy, or gas prices, the regulators would then be prohibited from implementing the rules during times of high inflation. U.S. Senator John Thune (R-S.D.) led the reintroduction of the bill in the Senate.
“Inflation continues to devastate Nebraskans, yet the Biden administration is determined to force its radical environmental agenda onto our economy. Aggressive financial regulations would hurt Nebraska’s agricultural sector and raise prices for hardworking families. Our legislation would prevent these damaging ESG rules from moving forward to ensure costs aren’t driven up even further,” said Sen. Fischer.
In addition to Sens. Fischer and Thune, the legislation is co-sponsored by U.S. Senators John Barrasso (R-Wyo.), Mike Braun (R-Ind.), Mike Crapo (R-Idaho), Cynthia Lummis (R-Wyo.), Markwayne Mullin (R-Okla.), Jim Risch (R-Idaho), and Mike Rounds (R-S.D.).
Full bill text is available here.
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