Maximizing Retirement Savings, Strengthening Financial Security

On Tuesday, I joined Fox Business to discuss how I am leading a House Republican effort to make sure 401(k)'s, pension funds, and your retirement prioritizes return on investment - not someone else's ideological preference.

In July, House Republicans will be hosting a series of hearings and legislative markups to push back on Environmental, Social, and Corporate Governance, or ESG. We will be holding asset managers, proxy advisor firms, and the Securities and Exchange Commission (SEC) accountable to everyday investors who are working to save for retirement and build a better and more financially secure future.

To learn more about the upcoming hearings and my concerns surrounding the Biden Administration and Wall Street teaming up to push ESG investment policies, click on the picture below.

Reining in the SEC, Keeping Bureaucrats in Check

Under Chairman Gary Gensler, the Securities and Exchange Commission (SEC) has continued to find ways to expand its own authority, scope, and reach without approval from Congress. To rein in this bureaucratic mission creep, I announced the introduction of the Mandatory Materiality Requirement Act.

Previously, the SEC had a long, established history of using the materiality standard when proposing new disclosure requirements on public companies. Sadly, with Chairman Gensler at the helm, the SEC has abandoned that standard and proposed an extremely wide-ranging climate-related disclosure rules that are outside the bounds of their existing authority.

This heavy-handed approach will hamper economic growth, create new hurdles for small businesses, and make it more difficult for everyday investors to retire with financial security.

The Mandatory Materiality Requirement Act would codify the traditional SEC standard into law and prohibit the agency from expanding beyond securities law and the authority granted to it by Congress. You can read and learn more about the Mandatory Materiality Requirement Act here. 

Restoring Commonsense Economics to Mortgages

The Biden Administration’s rule to force higher fees on creditworthy individuals is wrong. Potential homebuyers in Southwest Michigan with higher credit scores should not have to pay more to subsidize riskier loans. That is why on June 23rd, I voted for the Middle-Class Borrower Protection Act to stop this redistribution of wealth, hold the Biden Administration accountable, and restore economic commonsense.

Censuring Representative Adam Schiff

Last week, I voted to censure Congressman Adam Schiff because he abused his authority as Chairman of the House Intelligence Committee and repeatedly misled the American people. Congressman Schiff has now become the 25th member of the U.S. House of Representatives to be censured in our nation's history.

Congressional Baseball Game For Charity

Thank you to everyone who took part in the Congressional Baseball Game! It was an absolute blast to play shortstop in front of over 20,000 people for a great cause. Republicans won by a final score 16-6, but the best part of the event was it raised more than $1.8 million for charity. Below is a quick video of a play I made to close out the 4th inning. 

Celebrating Our Independence

Thank you for reading this edition of the Huddle. I hope you have a wonderful, fun, and safe 4th of July Weekend. May God continue to bless America!