Biden ESG rule survives challenge from 25 red states
- A federal judge in Texas ruled in favor of the Biden administration's climate-friendly 401(k) investing rule, allowing employee retirement plans to consider environmental, social, and governance (ESG) 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.
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Total News Sources0
Leaning Left1Leaning Right1Center4Last Updated2 months agoBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
66% Center
L 17%
C 66%
R 17%
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