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Dept. of Labor ESG rule targeted by GOP Congressmen

Republicans are starting their all-out assault on ESG by targeting a Biden administration rule for retirement plan fiduciaries, Axios has learned.

Driving the news: Sen. Mike Braun (R-Ind.) and Rep. Andy Barr (R-Ky.) are attempting to dismantle a recent Department of Labor rule allowing retirement plan fiduciaries to consider climate change and other environmental, social and governance (ESG) factors in their investment actions.


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