This week the House of Representatives voted to pass the Financial CHOICE Act, which would severely limit shareholder rights and harm several beneficial practices and institutions that arose from the Dodd-Frank Act.
United Church Funds is appalled that this Act, if passed, would effectively quash the shareholder resolution process, which has been instrumental in holding corporations accountable for their environmental, social and governance practices. Shareholders are the owners of the companies we hold. To impede our ability to communicate with those companies is undemocratic and anti-American.
Read the letter United Church Funds has sent to legislators imploring them to not support this detrimental legislation.