US EditionBiden ESG rule survives challenge from 25 red states
- A federal judge in Texas ruled in favor of the Biden administration's climate-friendly 401 investing rule, allowing employee retirement plans to consider environmental, social, and governance issues in investment decisions.
- The Labor Department's rule remains effective, overturning restrictions adopted by former President Trump's administration on considering ESG factors in investment decisions.
- The rule covers plans that collectively invest $12 trillion on behalf of more than 150 million people, potentially impacting millions of Americans' retirement savings.
6 Articles
6 Articles
Texas Judge Won't Block Biden Admin's ESG Investing Rule - Law360 Pulse
A Texas federal judge Thursday refused to block a rule allowing retirement advisers to consider issues such as climate change and social justice when choosing investments, holding that the rule does not violate the Employee Retirement Income Security Act.
Biden ESG rule survives challenge from 25 red states
A federal judge sided with the Biden administration Thursday on an administration rule that would allow retirement advisers to include climate and environmental factors in their calculations. In the ruling, Judge Matthew Kacsmaryk of the Northern District of Texas, a Trump appointee, granted the administration’s petition to dismiss a lawsuit by 25 Republican state attorneys […]
US judge will not block Biden rule on socially conscious investing
A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.
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