Jordan Subpoenas BlackRock and State Street in ESG Investigation

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On Friday, House Judiciary Committee Chairman Jim Jordan (R-OH) subpoenaed BlackRock and State Street Global Advisors for documents and communications related to the Committee’s investigation into the sufficiency of current antitrust laws to address collusive agreements to promote and adopt left-wing environmental, social, and governance (ESG) goals.

The Committee wrote to BlackRock on July 6, 2023, requesting documents and communications related to how BlackRock advances ESG policies, in addition to other key information. Although BlackRock has produced some documents, its overall response to the Committee’s requests has been inadequate.

The Committee wroteto State Street on July 6, 2023, requesting documents and communications related to how State Street advances ESG policies, in addition to other key information. Although State Street has produced some documents, its overall response to the Committee’s requests has been inadequate.

Read the full subpoena cover letter to BlackRock here.

Read the full subpoena cover letter to State Street here.

Author: Press Release