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Katie Porter: “The Kansas Division of Budget did a study. They found that…”

Featuring: Katie Porter, Democratic | Former Candidate, U.S. Senate California

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Katie Porter Challenges Republican Stance on ESG in Investment Management Hearing

Published | Video Starts at 03:38

Will limiting pension fund managers investment options increase retirement savings? Not that I can think of, but that's exactly. And by the way, you are not just thinking about it. The Kansas Division of Budget did a study. They found that limiting pension fund managers investment options would cost the retirement system $3.6 billion in reduced returns over 10 years. When we cut off companies and asset managers from choices, investors lose money. We are sacrificing the freedom to invest and we are all poorer. (03:38–03:58)

CLAIM

Asserts that a study found limiting investment options for pension fund managers would significantly reduce returns.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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