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GOP Senators seek to block enforcement of ESG consideration in retirement plans

Posted On: Feb. 6, 2023 9:30 AM CST

In the latest Republican attack on the Labor Department’s Environmental, Social and Governance rule,  49 GOP senators and one Democrat plan to re-introduce  a resolution attempting to block enforcement of the regulation, BenefitsPro reportsThe Biden Administration rule, which allows fiduciaries to consider climate change and other ESG issues when they evaluate retirement investments and shareholder rights, went into effect Jan. 30.