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House Lawmakers Seek to Curb ESG Investing in Retirement Plans
American Retirement Association [ARA] Link to more items from this source
Oct. 21, 2022

"Just as the [DOL] gets set to release a final regulation allowing the use of [ESG] factors by fiduciaries when selecting plan investments, another bill has been introduced in Congress that seeks to dial that back. The Safeguarding Investment Options for Retirement Act (HR 9198) ... would amend ERISA and the Internal Revenue Code to limit fiduciary consideration of so-called 'non-pecuniary factors' in investment decision-making for defined contribution plans."

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