A House panel has advanced a suite of private-sector retirement bills that would amend decades-old workplace benefit law in order to curb socially conscious and environmentally friendly retirement investing.
Party-line votes of 23-19 on Thursday in the House Committee on Education and the Workforce moved four Republican-backed bills targeting environmental, social, and corporate governance investing to the House floor.
It’s the latest attempt by House Republicans to chip away at a Biden administration regulation that permits employers to consider ESG factors when selecting or monitoring worker investment options. The rule (87 Fed. Reg. 73822) finalized late last year ...
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