House Judiciary Chairman Rep. Jim Jordan (R-OH) is on the warpath right now.
Jordan and two of his fellow House Republicans just launched a slew of investigations.
Among the companies being targeted…. BlackRock and Vanguard.
Jordan wants answers regarding corporate environmental, social and governance (ESG) that may be a violation of federal antitrust laws.
We Need Answers
Jordan vowed that he was going to unleash the power of Congress if the GOP won the House.
They did win, and he is going ballistic with all these investigations.
Jordan wrote, “We write because BlackRock, Inc. (BlackRock) is potentially violating U.S. antitrust law by entering into agreements to ‘decarbonize’ its assets under management and reduce emissions to net zero — with potentially harmful effects on Americans’ freedom and economic well-being.
“Accordingly, to advance our oversight and inform potential legislative reforms, we write to ask BlackRock to produce relevant documents and information.”
The companies have until July 20, 2023, to respond to Jordan’s request.
Vanguard responded, “As an asset manager owned by the investors in our funds, our unique, independent approach is focused on helping everyday retail investors achieve their long-term financial goals.
“We look forward to reviewing and responding to the Committee’s request.”
They better hope they are doing everything on the up-and-up because Jordan is just looking for someone to unload on.
He has yet to really produce that “bombshell” that he promised when the GOP won the House, so we are all hoping he finds it soon.
Source: Daily Caller
