Biden Picks Warren Allies to Head Financial Sector Oversight Agencies, SEC, and CFPB
The Epoch Times cites Research Fellow Richard Morrison on Biden’s policy proposal for the SEC:
Some conservatives have expressed reservation. Richard Morrison, a fellow at the conservative Competitive Enterprise Institute, said the former SEC chief has raised the alarm about “a ‘growing drumbeat’ for the Commission to impose reporting standards on environmental, social, and governance (ESG) topics.”
“That would be a mistake,” Morrison wrote of proposals to include political causes in financial sector regulatory initiatives, and urged Gensler to avoid taking an aggressive stance in this regard.
“I urge Mr. Gensler to focus on the Commission’s core mission of protecting investors and facilitating capital formation, not on divisive initiatives like forcing companies to report on whether they’ve supported a laundry list of political causes,” Morrison wrote in a statement.