US lawmakers subpoenaed The Vanguard Group and Arjuna Capital in a probe into suspected collusion by investment firms promoting ESG (Environment, Social, and Corporate Governance) initiatives. Impact Shares CEO Ethan Powell sits down in-studio with Yahoo Finance Live to discuss how certain members of Congress are viewing the rise in ESG investing and what it means for investors at large. "This is really an extension of what historically has been a fight in the executive branch, which is typically driven by the Department of Labor and their definition of fiduciary duty, and whether or not ESG is consistent with fiduciary duties," Powell states. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.