arrow_back Back to App

Sustainable Investments: Increased Transparency for Asset Managers

This act aims to increase transparency in how large money management firms invest funds. It requires them to disclose how they consider environmental, social, and governance (ESG) issues in their investment decisions. This will give citizens who invest their money better insight into whether their funds support responsibly operating companies.
Key points
Large asset management firms will be required to publicly disclose their sustainable investment policies.
These policies must cover environmental concerns (e.g., climate risks, pollution), social considerations (e.g., labor conditions, diversity, human rights), and governance (e.g., corporate practices, tax avoidance).
These firms will need to undergo an annual audit to ensure compliance with their stated sustainable investment policies, and audit results will be publicly available.
The act aims to make it easier for investors to choose funds that align with their values, while promoting responsible business practices.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3605
Sponsor: Rep. Levin, Andy [D-MI-9]
Process start date: 2021-05-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Sustainable Investment Policies Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3605.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-28.

What are the main provisions?

Key points include:

  • Large asset management firms will be required to publicly disclose their sustainable investment policies.
  • These policies must cover environmental concerns (e.g., climate risks, pollution), social considerations (e.g., labor conditions, diversity, human rights), and governance (e.g., corporate practices, tax avoidance).
  • These firms will need to undergo an annual audit to ensure compliance with their stated sustainable investment policies, and audit results will be publicly available.
  • The act aims to make it easier for investors to choose funds that align with their values, while promoting responsible business practices.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Levin, Andy [D-MI-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Environment