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Senators Aim to Reverse DOL Positions on ESG, Crypto Investing
Mercer Link to more items from this source
Aug. 16, 2022

"While unlikely to advance this year with Democrats in charge of Congress, these GOP bills may foreshadow a major effort next year if Republicans take control of either chamber after this fall's midterm elections.... [The Maximize Americans' Retirement Security Act (S 4613)] would amend ERISA to require that plan fiduciaries select investments based 'solely on pecuniary factors,' which are factors expected to have a material effect on an investment's risk and return."

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