Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hybrid hearing entitled, “E, S, G and W: Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data.”

Thank you for holding this important hearing, Chair Sherman, and for your strong focus on investor protection throughout your tenure as Chair of this Subcommittee.

Environmental, social , and governance metrics, which include human capital disclosures, are increasingly important to investors. Earlier this Congress, the House passed Mr. Vargas’ H.R. 1187, the “Corporate Governance Improvement and Investor Protection Act” which would reform the disclosure regime for public companies, by requiring and standardizing the reporting of several important ESG metrics being discussed today. The SEC heard this body loud and clear and has moved forward on a disclosure agenda that responds to the needs of our nation’s investors and workers. So, I look forward to hearing the testimony today as we look to inform the SEC of its work ahead.

Thank you, and I yield back.

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