Financial Services GOP Denies ‘Woke’ Agenda After Backlash for ‘Diversity and Inclusion’ Message

The Republican-controlled House Financial Services Committee is eager to list “diversity and inclusion” in the financial and housing industries as part of its agenda, but Republicans on the committee stand by the agenda and reject any notion that it is “woke.” “

The committee’s chairman Rep. Patrick McHenry (R-NC), in a statement provided to Breitbart News when asked about the diversity language, said the committee plans to prioritize “kitchen table issues,” and he blamed Democrats for focusing the last two Congresses on pressuring companies to “parrot their wake social agenda.”

“For four years, Democrats wasted the valuable and limited time and resources of our committee to push burdensome mandates on American job creators. The Democrats’ goal was to name and shame companies until they followed their vigilante social agenda, McHenry said. “Under my leadership, Republicans will focus the committee on the kitchen table that matters most to American families, from charting a path out of the dismal Biden economy to expanding opportunity for all Americans.”

“Diversity and inclusion” is listed as a priority under all six of the committee’s subcommittees, a discovery first reported Friday by the right-wing Washington Free Beacon in a story titled “Woke Agenda survives: These House Republicans are sticking with ‘diversity and inclusion’ .'”

The conservative group FreedomWorks also sounded the alarm about the Democrats’ buzzwords, noting that they are a “pillar” of environmental, social and governance (ESG) investing, a trend among powerful left-leaning Wall Street investors to push climate and diversity initiatives .

New to the committee is Rep. Byron Donalds (R-FL), one of five black Republican members of Congress, a member of the Freedom Caucus, and a candidate for the House of Representatives speaks during the contentious speech race at the beginning of the year.

Donalds, who previously had a long career in finance and banking, told Breitbart News in a statement that the committee’s plan was “far from the path of vigilante policies like ESG investing,” but stood by its focus on “diversity and inclusion,” and noted that they were a means of “really mobilizing and empowering people rather than practicing placement.”

Read Donald’s full statement below:

As a new member of the House Financial Services Committee, one of my many goals is to expand access to capital, break down barriers that prevent underrepresented communities from participating in our markets, and create pathways to financial prosperity for traditionally unbanked and underbanked members of our community. society as well as the entire middle and working class. Chairman McHenry shares this goal, and I have full confidence in his agenda for the committee. The diversity and inclusion we plan to address is far from the path of vigilante policies like ESG investing or virtual signaling on Wall Street, and any suggestion otherwise is misleading. It is past time for our country to look at diversity and inclusion as a way to truly mobilize and empower people rather than practice placement.

When McHenry took control of the committee, McHenry appeared to move away from Democrats’ race-focused social causes by eliminating the Diversity and Inclusion Subcommittee, which had been created by then-chairman Rep. Maxine Waters (D-CA) in 2019.

Waters said she was “deeply disappointed” by the move and that McHenry’s decision to include diversity under the jurisdiction of each subcommittee is “simply inadequate.”

Breitbart News reached out to other Republican committee members, including Housing and Insurance Subcommittee Chairman Rep. Warren Davidson (R-OH) and Capital Markets Subcommittee Chairman Rep. Ann Wagner (R-MO), but did not receive a response.

Sean Moran contributed to this report.

Write to Ashley Oliver at [email protected] Follow her on Twitter at @asholver.

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