Press Releases
Reps. Vargas, Schiff, Colleagues Urge SEC to Include Stricter Greenhouse Gas Emissions Disclosures for the Biggest Corporations
Media Contact: Anzueth Barela | (202) 225-8045 | Anzueth.Barela@mail.house.gov Washington, D.C. — Today, Representatives Juan Vargas (D-Calif.) and Adam Schiff (D-Calif.) led a letter to the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the Commission to require the largest corporations to fully disclose their greenhouse gas emissions. Schiff and Vargas were joined by 24 members of the California delegation. California recently passed legislation that takes on the … Continue Reading
September 14, 2023
Sustainable Investment Caucus Statement on Education and Workforce Committee Markup of Anti-ESG Bills
Washington, D.C. — Today, U.S. Congressmen Juan Vargas (CA-52) and Sean Casten (IL-06), co-chairs of the Congressional Sustainable Investment Caucus, released the following statement regarding the Education and Workforce Committee markup on anti-ESG legislation: “We are once again disappointed, but not surprised, by House Republicans' ongoing attacks on investor freedom and the free market. Today’s Education and Workforce Committee markup makes it clear that House Republicans believe that … Continue Reading
August 07, 2023
Casten, Vargas, Castor Lead 77 House Democrats to Urge SEC to Finalize Strong and Durable Climate Rule
Washington, D.C. — Today, U.S. Congressman Sean Casten (IL-06), Congressman Juan Vargas (CA-52), and Congresswoman Kathy Castor (FL-14) lead 77 of their colleagues in a letter to SEC Chair Gary Gensler urging the SEC to quickly finalize a strong and durable climate disclosure rule. “Enhanced climate-related disclosure is the direction of travel for capital markets around the world,” the lawmakers wrote in part. “You have drafted a well-reasoned proposal that is … Continue Reading
July 19, 2023
REP. VARGAS INTRODUCES ENVIRONMENTALLY SUSTAINABLE GROWTH ACT
Washington, D.C. – Today, Representative Juan Vargas (CA-52) introduced the Environmentally Sustainable Growth Act. This bill requires public companies to disclose environmental, social, and governance (ESG) metrics in annual filings with the Securities and Exchange Commission (SEC). ESG is a way of considering and measuring how companies make decisions that impact the environment, how well they treat their workers and staff, and how they govern and make business … Continue Reading
June 27, 2023
Sustainable Investment Caucus Hosts Roundtable Discussion with IL State Treasurer, Maryland Comptroller, US SIF
Washington, D.C. — Last week, U.S. Congressmen Juan Vargas (CA-52) and Sean Casten (IL-06) co-chairs of the Congressional Sustainable Investment Caucus, hosted a roundtable discussion for Members of Congress featuring Illinois Treasurer Mike Frerichs, Maryland Comptroller Brooke Lierman, and US SIF Managing Director Bryan McGannon. During the discussion, Members heard from Treasurer Frerichs, Comptroller Lierman, and Mr. McGannon about how they view Environmental, Social, and Governance … Continue Reading
May 24, 2023
Rep. Vargas Leads Bipartisan Letter Urging U.S. Development Finance Corporation to Fund Critical Energy Infrastructure Reconstruction across Ukraine
Media Contact: Brian Garcia | (202) 360-8950 | Brian.Garcia3@mail.house.gov WASHINGTON, D.C. – Recently, Rep. Juan Vargas (CA-52), joined by Rep. Lance Gooden (TX-05), led a letter urging the U.S. Development Finance Corporation (DFC) to prioritize funding for critical energy infrastructure across Ukraine. Due to the cruel war Vladimir Putin has waged on Ukraine, multiple heating and electrical facilities have been bombed – causing fractures across the nation’s energy … Continue Reading
May 10, 2023
Sustainable Investment Caucus Statement on Oversight ESG Hearing
Washington, D.C. — Today, U.S. Congressmen Juan Vargas (CA-52) and Sean Casten (IL-06), co-chairs of the Congressional Sustainable Investment Caucus, released the following statement regarding the Committee on Oversight and Accountability hearing entitled “ESG Part I: An Examination of Environmental, Social, and Governance Practices with Attorneys General”: “We are disappointed, but not surprised by Republicans' latest attack against free-market principles. … Continue Reading
April 26, 2023
Financial Services Committee Unanimously Passes Bill Championed by Rep. Vargas that Increases Number of Accredited Investors in America
Media Contact: Brian Garcia | (202) 360-8950 | Brian.Garcia3@mail.house.gov WASHINGTON, D.C. – Today, Rep. Juan Vargas (CA-52) successfully championed H.R. 835, the Fair Investment Opportunities for Professional Experts Act, through the Financial Services Committee (FSC) with a unanimous bipartisan vote. This bill expands the Securities and Exchange Commission’s (SEC) definition of “accredited investor” to include people who have relevant qualifications or … Continue Reading
March 29, 2023
Reps. Vargas, Aguilar, and Garcia Introduce the Homeownership for Dreamers Act
Media Contact: Brian Garcia | (202) 360-8950 | Brian.Garcia3@mail.house.gov WASHINGTON, D.C. – Today, Rep. Juan Vargas (CA-52), along with Reps. Pete Aguilar (CA-33) and Sylvia Garcia (TX-29), introduced the Homeownership for Dreamers Act. This bill ensures that recipients of the Deferred Action for Childhood Arrivals (DACA) program, commonly known as Dreamers, are eligible for Federal Housing Administration home loans, home loans backed by Fannie Mae or Freddie Mac, and … Continue Reading
February 28, 2023
Sustainable Investment Caucus Statement on Republicans' Congressional Review Act Resolution to Repeal the Department of Labor’s Rulemaking
Washington, D.C. — Today, the Congressional Sustainable Investment Caucus released the following statement on H.J. Resolution 30, which repeals a Department of Labor rule allowing fiduciaries to consider ESG factors in investment decisions: “We strongly oppose Republican efforts to overturn the Biden Administration’s rulemaking that gives retirement plan fiduciaries the option to consider environmental, social and governance (ESG) factors when they select retirement … Continue Reading
February 24, 2023
Congressman Juan Vargas CA-52 Introduces Bill to Strengthen Production of Essential Medical Supplies During Public Health Emergencies
Washington, D.C. – Today, Congressman Juan Vargas (CA-52) introduced the Public Health Emergency Medical Supplies Enhancement Act. The bill will support the President’s use of the Defense Production Act (DPA) authorities to further strengthen the production, acquisition, and distribution of critical medical supplies across America during public health emergencies. The bill also provides guidance for FEMA to appoint a civilian “Outreach … Continue Reading
February 07, 2023
Rep. Vargas Statement on President Biden’s State of the Union Address
Today, Rep. Juan Vargas (CA-52) released the following statement after President Joe Biden’s State of the Union address. “President Biden highlighted the historic progress made over the past two years to deliver positive results for everyday American people. He also delivered a bold message that he will finish the job of rebuilding our country and the economy to ensure no one is left behind. His economic plan has created a record 12 million jobs, putting workers first. He also … Continue Reading
January 30, 2023
House Passes Rep. Vargas’ Credit Union Board Modernization Act
WASHINGTON, D.C. (January 30, 2023) – Today, the U.S. House of Representatives voted to pass Congressmember Juan Vargas’ (CA-52) Credit Union Board Modernization Act, H.R. 582. This legislation would update the Federal Credit Union Act to modify current federal requirements for federal credit union board meetings and alter requirements that credit union boards meet once per month to once every other month. “I’m proud that the House passed the Credit Union Board … Continue Reading
January 26, 2023
Vargas, Huizenga Introduce Legislation to Modernize Credit Union Boards
WASHINGTON, D.C. (January 26, 2023) – Today, Representatives Juan Vargas (CA-52) and Bill Huizenga (MI-4) reintroduced legislation to modernize credit union board policies and procedures. Called the Credit Union Board Modernization Act, this legislation would update the Federal Credit Union Act to modify current federal requirements for federal credit union board meetings, and alter requirements that credit union boards meet once per month to once every other month. “It’s … Continue Reading
December 27, 2022
Rep. Vargas’ Statement on Supreme Court Blocking Termination of Title 42
WASHINGTON, D.C (December 27, 2022) — Congressmember Vargas released the following statement regarding the Supreme Court’s decision to delay the termination of Title 42, a Trump-era immigration policy that blocks migrants from seeking asylum in the United States: “The conservative-controlled Supreme Court’s decision to block the end of Title 42 is outrageous,” said Rep. Vargas. “Over the last two and a half years, migrants have been cruelly expelled from … Continue Reading
December 23, 2022
San Diego Delegation Secures Transfer of $300 Million to Combat Cross-Border Pollution
WASHINGTON, D.C (December 23, 2022) — Today, Congressmember Vargas and his San Diego Delegation colleagues applauded the passage of their provision to combat cross-border pollution in the Fiscal year 2023 government funding package. This provision authorizes the Environmental Protection Agency (EPA) to transfer $300 million to the International Boundary and Water Commission (IBWC) for the purposes of planning, study, design, and construction, of wastewater treatment works in the Tijuana … Continue Reading
December 23, 2022
Rep. Vargas Secures Nearly $35 Million for California’s 51st Congressional District in Government Funding Package
WASHINGTON, D.C. (December 23, 2022) – Today, Representative Vargas voted to secure $34,623,332 in Community Project Funding in the Fiscal Year 2023 government funding package. This funding responds directly to some of the most pressing needs in California’s 51st Congressional District, including improving transportation systems and creating more opportunities for underserved communities. “I am proud to have secured almost $35 million to help my district where it needs it … Continue Reading
December 08, 2022
Rep. Vargas Votes to Protect Marriage Equality and Sends Respect for Marriage Act to President Biden’s Desk
WASHINGTON, D.C (December 8, 2022) — Today, Congressmember Juan Vargas voted to pass the Respect for Marriage Act. This legislation would ensure the protection of marriage rights from bigoted conservative attacks by enshrining marriage equality rights for same sex and interracial couples into federal law and repealing the discriminatory Defense of Marriage Act. “No one should be discriminated against because of who they are, where they are from, or who they love,” said Rep. … Continue Reading
December 06, 2022
Rep. Vargas' Statement on the Passage of the Veteran Service Recognition Act
WASHINGTON, D.C. (December 6, 2022) — Congressmember Vargas released the following statement after the U.S. House of Representatives passed the Veteran Service Recognition Act of 2022: “Immigrant veterans risked their lives to keep our nation safe, and they deserve a pathway to citizenship,” said Rep. Vargas. “As an original co-sponsor of the Veteran Service Recognition Act, I’m proud to have worked alongside my Democratic colleagues to pass this landmark … Continue Reading
November 15, 2022
Rep. Vargas Leads Letter Urging Congressional Leadership to Address Transboundary Pollution in the Tijuana River Valley
Rep. Vargas Leads Letter Urging Congressional Leadership to Address Transboundary Pollution in the Tijuana River Valley WASHINGTON, D.C (November 15, 2022) — Today, Congressmember Juan Vargas led his San Diego Delegation colleagues in a letter urging Congressional leadership to consider funding projects to address transboundary water pollution in the Tijuana River Valley through an omnibus spending package for fiscal year 2023. “I’m proud to lead my colleagues in the fight to address … Continue Reading