GOP AGs Seek to Block Biden’s ESG Retirement Rule

The Biden administration’s 65-page rule to allow retirement plans to incorporate environmental, social and governance (ESG) considerations took effect this week.

Twenty-five GOP attorneys general, including Ohio AG Dave Yost, have sued to block the rule, saying it will unleash activist retirement plan managers and threaten workers’ savings. Also, 49 U.S. senators are backing a measure to cancel the rule 1/30/2023