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HR 2358 119th Congress House Finance and Financial Sector

ESG Act of 2025

Introduced: March 26, 2025 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2025
Referred to the House Committee on Financial Services.
Mar 26, 2025
Introduced in House
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 Plain-English summary Congressional Research Service

Ensuring Sound Guidance Act of 2025 or the ESG Act of 2025

This bill further defines the best interest of a customer for purposes of the standard of conduct for all brokers, dealers, and investment advisers. Currently, these professionals must act in the best interest of the customer without regard to the financial or other interests of the professional providing the advice. The bill adds that the best interest standard must be based on pecuniary factors (i.e., a factor that a fiduciary determines will have a material effect on an investment's performance) unless the customer otherwise directs.

In addition, the Securities and Exchange Commission must report on (1) municipal bond disclosures regarding climate change and environmental matters, and (2) the effectiveness of specified rules in preventing the payment of government officials or candidates in exchange for government business in connection with the sale or offer of municipal securities.

What's happening now March 26, 2025

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 1
All 1 Republican 1
R
Huizenga, Bill
Michigan · Mar 26, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2358: ESG Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-2358/
MLA
"H.R. 2358: ESG Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-2358/.
Bluebook (legal)
H.R. 2358, 119th Cong. (2026), https://openamerica.io/bill/119-HR-2358/.
Markdown link
[H.R. 2358: ESG Act of 2025](https://openamerica.io/bill/119-HR-2358/)
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