Kansas legislators struggle to thwart 'woke' ESG investment by state
Fox News
Discord among Kansas Republicans on technicalities of a potential ban on ESG investment by the state has so far prevented legislation from being passed.
The Kansas Senate's version of the anti-ESG measure would require private money managers to get their clients' written consent before investing their funds along ESG principles. The House bill contains no such provision.
The issue of requiring managers of private funds to disclose their ESG activities to clients or to get clients' verbal or written consent to use them appears to be the last major sticking point among Republicans in the GOP-controlled Legislature. They've already backed off the toughest version of the anti-ESG legislation because of opposition from powerful business groups, and have rewritten both bills to prevent projected investment losses of $3.6 billion over 10 years for the pension fund for Kansas teachers and government workers.
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