ESG Act of 2025

This bill changes the rules for financial professionals like brokers and investment advisers who must act in their customers' best interests. The bill says these professionals must focus on financial factors that affect investment performance when making recommendations, unless the customer asks them to consider other factors. The bill also requires the Securities and Exchange Commission to write reports about how cities and states disclose climate and environmental information when they sell bonds, and about how well current rules prevent payments to government officials in exchange for government business related to municipal bonds.

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