HR. 2358In Committee
ESG Act of 2025
Defines customer best interest for investment advice as based on pecuniary factors unless the customer directs otherwise, and orders SEC review of certain municipal securities disclosures and pay to play rules
Plain-English overview
What this bill does
Defines customer best interest for investment advice as based on pecuniary factors unless the customer directs otherwise, and orders SEC review of certain municipal securities disclosures and pay to play rules
Key points
- Amend best interest standard
- Require SEC report
Current status
Where it stands
Status
In Committee
Latest action
2025-03-26 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector