House Republicans Look To Block ESG Investing In Retirement Plans ...Middle East

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House Republicans Look To Block ESG Investing In Retirement Plans
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The U.S. House, controlled by Republicans, is expected to vote on a bill on Tuesday that would void a recent Biden Administration rule to approve ESG investing in retirement plans. Last November, the U.S. Department of Labor announced a final rule that allows plan fiduciaries to consider climate change and other environmental, social, and governance factors when they select retirement investments and exercise shareholder rights, such as proxy voting. “Today’s rule clarifies that retirement plan fiduciaries can take into account the…

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