Representative Andy Barr, who introduced the House measure, warned that the Labor rule would ultimately saddle Americans with higher fees for less-diversified investments in lower-performing portfolios. "Twenty-one percent of investors don't even know what ESG stands for," Barr said.
Experts said the Biden administration has made only cosmetic changes to an earlier regulation adopted under former President Donald Trump. Where the Trump rule required plan managers to "prudently" determine whether a factor would have a "material" effect on investments, the Biden rule says they can "reasonably" determine "relevant" effects, according to an analysis published byU.S.
But the political battle over ESG issues is likely to intensify as the 2024 presidential campaign gets under way., widely seen as a leading White House contender, has already made his own fight against "woke" businesses a hallmark of his image.
It sounded like Omar was arguing in favor of blocking, but then her vote was in complete opposition along wtih the remainder of her party.
Sounds like ESG is only the liberal value, haha..
Is tweet accurate?...surely pension funds can consider ESG if they want!?! Surely if ESG bases investment made money, the funds would be throwing money at them. Bill sounds like an attack on private pensions.
Keeping the funds flowing to their donors. corruptcongress
This won't help me buy groceries
Good. Pensions and retirement investments must earn money to grow. That is the only consideration that should be made.
Abolish money.
Amerika🇺🇸 da mezarda ⚰ 💀emekli olunuyor muş.Öğrenciler,80 yaşında hademe için para 💵 toplamışlar ki emeklilikte harcasın diye
How is the environment a liberal cause? It is a human cause.
Good!
I can smell the freedom and small government
Good. Any loss for Biden is a win for real Americans.
This is utterly non-sensical. It's not legislators' job to decide what investment strategy a pensior manager should follow. (i'm not in favor of esg but everybody should be free to invest as they see fit)
Party of small government telling their citizens how they are allowed to invest
Got to love GQP legislative agenda. Do nothing except complain and block things.
Thank goodness.
They will use your 401k to enforce their beliefs.
Good.
🤬🤬🤬🤬🤬🤬
Reword your article from 'allowing' to demanding and you'll understand why it was voted down.
What happen to release of epstein client list?
I wonder how their donors at Blackrock, Vanguard, and State Street will respond
RepublicansAreDestroyingAmerica
so republicans want to prevent retirement plans from including ESG? why have the dems been more pro free market recently then the GOP
Great time to stop the bull shit.
Doesn't matter. Yet more performative outrage over something that is not a problem.
Why do the GOP hate the free market?
esg is a scam (most Americans have figured this out already)
So in other words they want people to be able to eat instead of furthering the communism agenda? For shame!
Lol
good
What else what conveniently stuffed into the typical BA BS?!
Republicans hate America.
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