Posts tagged environmentalism

    News Article

    EXCLUSIVE: Bill Cassidy To Introduce Bill To Stop Left-Wing Investing From Taking Over Retirement Funds

    September 27, 2024 // “Asset managers should prioritize helping Americans achieve the best return for their retirement, not funneling their clients’ money to fund a left-wing political ideology,” Cassidy, who serves as the ranking member of the Senate Health, Education, Labor and Pension Committee, said. “This legislation protects 152 million Americans who depend on a strong retirement to live after their career is over.” Under current Department of Labor rules, administrators of employee retirement plans are allowed to consider ESG factors when choosing between investment opportunities they have determined to be of equivalent quality. If a retirement fund determines multiple investment options are of equal value under Cassidy’s bill, it must document how it made that determination and then choose at random between the options.

    abortion Biden-Harris administration Bill Cassidy Chevron deference climate climate change Congress environmental environmentalism ESG Fifth Circuit Court of Appeals governance guns income inequality investments Joe Biden Joe Manchin Marlo Oaks pecuniary factors Racial Justice Republican retirement funds Senate Health Education Labor and Pensions Committee social social equity Supreme Court vetoed