03.01.22
Lawmakers Spar on DOL ESG Proposal, Discuss Retirement Security
by: Brian Croce
Members of the House Committee on Education and Labor's Health, Employment, Labor and Pensions Subcommittee on Tuesday discussed the merits of bipartisan retirement security bills. Opinions diverged on a Department of Labor proposal that would explicitly permit retirement plan fiduciaries to consider climate change and other environmental, social and governance factors when selecting investments and exercising shareholder rights. Subcommittee Democrats, meanwhile, circulated draft legislation encompassing a host of ideas previously floated, including added defined contribution plan fee disclosures.
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