"I don't think that's a proper characterization of my view," McHenry said in an interview with CNBC Senior Congressional Correspondent Ylan Mui.
What I think corporations should do is focus on their key knitting," he said.
Vanguard Group also had been scheduled to testify, but after the fund giant abandoned an investment industry climate alliance, that changed.
McHenry, rated as one of the most moderate House Republicans by non-profit GovTrack US, doesn't seem interested in the state approach.
"It plays politics with corporations, in the name of having corporations not play politics."