Anti-ESG 401(k) Republican Bills Package Passed by the House

The US House of Representatives passed a package of bills targeting environmental, social, and governance investing in retirement accounts as Republicans rail against so-called “woke” policies.

The House voted 217-206 on the RETIRE Act (H.R. 5339), which contains several bills previously advanced by the Committee on Education and the Workforce, against ESG consideration in retirement plans. The legislation, a response to Biden administration policies that made it easier for conscious investing in 401(k) plans, would reinstate Trump-era policies by putting restrictions on those investments.

ESG has been a major target of Congressional Republicans, who say Democrats are inserting ...