Anti-ESG Measure Targeting 401(k) Rule Headed for House Floor

House Republicans are poised to vote on a measure that would block the US Labor Department from enforcing its ESG retirement investing rule, as Democrats counter by introducing legislation that would codify green 401(k)s into law.

Rep. Andy Barr‘s (R-Ky.) resolution to reverse the DOL rule will hit the floor next week, according to a senior House Republican aide. The rule allows retirement plan decision-makers to consider environmental, social, and corporate governance investment criteria as long as they are in the best financial interest of plan participants.

Meanwhile, Democratic lawmakers in the House have introduced a bill that would ...