Difference between revisions of "ESG Rule"
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(Created page with "The '''ESG Rule''' was promulgated by the Biden Administration through the Department of Labor to force retirement plans to limit themselves to climate change ES...") |
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*[https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/nearly-50-senators-introduce-challenge-to-biden-esg-investing-rule Washington Examiner] | *[https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/nearly-50-senators-introduce-challenge-to-biden-esg-investing-rule Washington Examiner] | ||
*[https://www.foxnews.com/politics/gop-senators-manchin-challenge-bidens-esg-climate-investment-rule-politicizing-americans-401ks Fox News] | *[https://www.foxnews.com/politics/gop-senators-manchin-challenge-bidens-esg-climate-investment-rule-politicizing-americans-401ks Fox News] | ||
| + | == References == | ||
| + | {{reflist}} | ||
[[category:finance]] | [[category:finance]] | ||
[[category:politics]] | [[category:politics]] | ||
Latest revision as of 04:02, March 12, 2023
The ESG Rule was promulgated by the Biden Administration through the Department of Labor to force retirement plans to limit themselves to climate change ESG guidelines.
On January 26, 2023, 25 Republican states sued the USDOL to block the ESG Rule, in the Northern District of Texas, Amarillo Division, where it was assigned to Judge Matthew Kacsmaryk.[1][2]
Sen. Joe Manchin (D-WV) joined all Republican Senators in order to invoke the CRA to stop this new Rule, which would force corporate managers and trustees of 401(k) plans to adopt ESG in their investments.