Comer Expands Oversight Probe Into Alleged Political Bias by Insurers and Asset Managers
Republicans request records from regulators to test claims of political bias across insurance cancellations, pension funds, proxy voting.
Overview
- House Oversight Chairman James Comer launched an expanded inquiry into claims that financial firms discriminated based on political views and used client assets to advance ESG agendas.
- The committee sent information requests to the National Association of Insurance Commissioners, Acting IRS Commissioner Scott Bessent, and SEC Chair Paul Akins.
- Letters also went to Strive Asset Management, Alliance Defending Freedom, the National Center for Public Policy Research, and Consumers’ Research to inform potential legislation.
- Comer cited whistleblowers who say insurers canceled policies for lawful businesses or widely held political positions, and raised concerns about companies rebranding DEI or ESG efforts.
- BlackRock disputed accusations highlighted by Comer’s letters, saying investment choices rest with clients and that climate risk analysis serves long-term financial outcomes.