The "Freedom to Invest in a Sustainable Future Act" aims to promote sustainable investments by amending the Investment Company Act of 1940. The bill seeks to allow mutual funds to consider environmental, social, and governance (ESG) factors when making investment decisions without facing undue regulatory hurdles. By doing so, the legislation intends to encourage more responsible and sustainable investing practices among financial institutions and investors. This could potentially lead to increased funding for companies that prioritize sustainability and social responsibility, thereby driving positive impacts on the environment and society through the financial markets.
2023-02-21: Introduced in House
2023-02-21: Referred to the House Committee on Education and the Workforce.
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