49 Senate Republicans Move to Scrap Biden ESG Retirement Rule (breitbart.com)
"The Biden administration unveiled a Department of Labor (DOL) proposal that would go in effect on January 30, that would allow retirement plan managers to consider Environment, Social, and Governance (ESG) factors in investment decisions."
Soooo... my understanding of this is that retirement plan managers will be able to simply invest your money into some green scheme or a plan that pushes businesses with DEI garbage instead of returns. This would seem to promote investment into Liberal BS over the potential for better profits. This proposal would also give cover to those that invest other people's money for their own personal politics instead of their client's well being (returns). As things currently stand, I believe that an investment manager would face legal action for doing what Biden wants to make legal.
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