Kentucky Becomes the First State to Enact Fiduciary Duty Legislation That Protects Workers and Families from ESG

Press Releases · Mar 24, 2023

WASHINGTON – Heritage Action, a conservative grassroots organization with two million grassroots activists, including thousands of Kentuckians, released the following statement from Executive Director Jessica Anderson commending Kentucky for enacting HB 236, making it the first state in the nation to enact fiduciary duty legislation that protects workers and families from harmful ESG policies.

“With the ESG movement infiltrating businesses and threatening Americans’ finances, it’s now more important than ever to ensure that asset managers are following through with their fiduciary responsibilities. As the first bill of its kind to be enacted, HB 236 will require asset managers to prioritize the investment returns and financial interests of Kentuckians. This is a historic victory for Kentucky and will be an example for other states to follow as they look to protect their state industries, investments, and workers.

Heritage Action commends the Kentucky General Assembly and Treasurer Ball for their efforts to protect citizens from the harms of the radical ESG movement by getting HB 236 across the finish line. We look forward to even more states across the country adopting this approach and taking additional steps to rid our states of woke finance.”