President Biden issued his first veto, rejecting a bill that would have nixed a Department of Labor rule that gives room for retirement plan managers to consider ESG factors in their investment decisions.
Tag: ESG rule
25 States Sue Biden Administration to Block ESG Investment Rule
Twenty-five states are suing the Labor Department to block an imminent rule change that will allow 401(k) managers to consider climate change and other environmental, social and governance (ESG) factors when selecting investments.