H.R. 2358, also known as the "Ensuring Sound Guidance Act of 2025" or the "ESG Act of 2025," aims to update the Investment Advisers Act of 1940. It specifies that financial advisers should prioritize pecuniary factors, those with material financial impact on investments, unless clients...
Simple Explanation
H.R. 2358 is a plan to update rules for people who give advice about money, making sure they focus on what's really important for making money unless told otherwise. It also asks a big group to study how weather changes affect bonds and to check if the rules for selling bonds are fair.