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Mandatory ESG Reporting: Increased Transparency for Sustainable Corporate Growth.

This Act mandates public companies to disclose standardized information regarding their Environmental, Social, and Governance (ESG) performance. This change ensures that investors, including ordinary citizens saving for retirement, receive consistent data to evaluate whether their investments support sustainable business practices. The Securities and Exchange Commission (SEC) is required to establish a permanent advisory committee focused on sustainable finance.
Key points
Public companies must disclose how their long-term business strategy is linked to environmental, social, and governance metrics (ESG).
The SEC must define and require standardized ESG metrics disclosure in audited financial filings, making corporate comparisons easier for investors.
A permanent Sustainable Finance Advisory Committee will be established to advise the SEC on policies promoting sustainable investments.
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Expired
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Additional Information
Print number: 118_HR_4759
Sponsor: Rep. Vargas, Juan [D-CA-52]
Process start date: 2023-07-19
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Environmentally Sustainable Growth Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4759.

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 2023-07-19.

What are the main provisions?

Key points include:

  • Public companies must disclose how their long-term business strategy is linked to environmental, social, and governance metrics (ESG).
  • The SEC must define and require standardized ESG metrics disclosure in audited financial filings, making corporate comparisons easier for investors.
  • A permanent Sustainable Finance Advisory Committee will be established to advise the SEC on policies promoting sustainable investments.
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. Vargas, Juan [D-CA-52].

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 2025-12-30.

CATEGORIES

Economy Environment