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Stop Woke Investing Act

10/30/2024, 2:01 PM

Summary of Bill HR 10020

Bill 118 hr 10020, also known as the Stop Woke Investing Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to prevent federal funds from being invested in companies that promote or engage in what is commonly referred to as "woke" ideology.

The bill defines "woke" ideology as any belief system or practice that promotes divisive concepts such as critical race theory, intersectionality, or any other ideology that seeks to divide people based on race, gender, or other characteristics. The bill aims to ensure that federal funds are not used to support companies that promote these ideologies, as they are seen as harmful to social cohesion and unity.

If passed, the Stop Woke Investing Act would require federal agencies to conduct thorough reviews of the companies in which they invest to ensure that none of them promote or engage in "woke" ideology. Any companies found to be promoting such ideologies would be ineligible to receive federal funds. Overall, the Stop Woke Investing Act is aimed at ensuring that federal funds are not used to support companies that promote divisive ideologies. It seeks to promote unity and social cohesion by preventing the spread of ideologies that seek to divide people based on race, gender, or other characteristics.

Current Status of Bill HR 10020

Bill HR 10020 is currently in the status of Bill Introduced since October 22, 2024. Bill HR 10020 was introduced during Congress 118 and was introduced to the House on October 22, 2024.  Bill HR 10020's most recent activity was Referred to the House Committee on Financial Services. as of October 22, 2024

Bipartisan Support of Bill HR 10020

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
0
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 10020

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 10020

Stop Woke Investing Act
Stop Woke Investing Act
To require the Securities and Exchange Commission to amend a rule of the Commission relating to shareholder proposals, and for other purposes.

Comments

Destiny Cho profile image

Destiny Cho

781

1 year ago

This bill is so stupid, it's gonna mess up everything! Why are they trying to control what we invest in? This is America, we should be able to invest in whatever we want! How is this gonna affect our economy in the long run?

Luca Quinn profile image

Luca Quinn

756

1 year ago

This bill is a joke.

Austin Stallings profile image

Austin Stallings

774

1 year ago

I think this bill is a step in the right direction. It's important to make sure that rules are updated to reflect the current needs of shareholders. Looking forward to seeing how this will play out!