President Joseph R. Biden vetoed a resolution by Congress to disapprove the DOL's final rule explicitly allowing ERISA plan fiduciaries to consider environmental, social and governance factors when selecting investments and exercising certain shareholder rights.
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In a Joint Policy Statement, 19 Republican governors committed to preventing the "proliferation of ESG throughout America," which they said is a "direct threat to the American economy, individual economic freedom, and our way of life."
The DOL Employee Benefits Security Administration reopened the comment period for proposed amendments to a prohibited transaction exemption that would clarify the circumstances under which relief may be provided for misconduct that is self-corrected under the DOL's Voluntary Fiduciary Correction Program.
The SEC Office of Investor Education and Advocacy, NASAA and FINRA issued a new investor alert on the risks associated with self-directed Individual Retirement Accounts
The DOL announced a final rule allowing ERISA plan fiduciaries to consider environmental, social and governance factors when selecting investments and exercising certain shareholder rights.