House panel approves ESG, diversity bills without GOP support Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to 'cater to the far left.' Democrats say ESG, diversity data is crucial. April 21, 2021 2 MINS Bills that would require annual reporting of environmental social and governance metrics and diversity data are headed to the House floor without Republican support. The House Financial Services Committee, which has a Democratic majority, approved the ESG Disclosure Simplification Act, which would require companies report ESG metrics and explain how they affect business results. The measure also would require the Securities and Exchange Commission to promulgate rules requiring ESG-metrics disclosures.