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Legislation to lay foundation for ESG funds in 401(k) plans

Posted On: Dec. 4, 2020 9:34 AM CST


A Michigan congressional representative is promoting legislation that would lay the foundation for socially conscious investments to be included in 401(k) plans, The Motley Fool reports. The legislation by Rep. Andy Levin, D-Michigan, if passed, would require 401(k) plan administrators to adopt and publish an ESG investment policy, which means ESG funds could soon be an option in your retirement plan after all.

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