SEC Attempts to Regulate Indefinable ESG factors

This attempted power grab by the SEC is shocking and hopefully it will be quickly defeated! This clearly exceeds the authority of the SEC!

This is what you can expect with a lifetime pathological liar and opportunist, the demented and senile 46th President and the Dimocratic Party in power!
Unchecked growth of Big Government!

And who is this current Secretary of the SEC Ms. Vanessa Countryman? There is not even a Wikipedia entry on this woman! She joined the SEC under President Obama.

"... This proposal would amend the current SEC rule on investment company names first published in 2001. The goal of the proposed amendment, according to the SEC, is “to promote consistent, comparable, and reliable information for investors concerning funds’ and advisers’ incorporation of environmental, social, and governance (“ESG”) factors.” ..."

SEC Attempts to Regulate Indefinable “ESG” Topics - Competitive Enterprise Institute

Several state attorney generals have also submitted a strongly worded comment on these new proposed rules. See here.

"... The Proposed Rule here continues the Commission’s recent attempt to transform itself from the federal regulator of securities into the regulator of broader social ills. This time, the SEC has imagined that the market requires more Environmental, Social, and Governance (“ESG”) disclosures from investment managers. ...

The Proposed Rule may not be as egregious as some of the SEC’s other recent efforts in that it does not purport to regulate essentially the entire American economy—but that is about the most that can be said for it. The Proposed Rule is still deeply problematic for many reasons.
First, the Commission does not have the statutory authority to issue it.
Second, the Proposed Rule would violate the First Amendment’s free-speech guarantees.
Third, the Proposed Rule does not reflect reasoned decision making and would fail arbitrary-and-capricious review.  ..."