10.27.23
Republican Attorneys General Appeal Decision Upholding DOL's ESG Rule
by: Brian Croce
The attorneys general of 26 states are challenging a U.S. Department of Labor (DOL) rule that allows retirement plan fiduciaries to consider environmental, social and governance (ESG) factors when selecting investments. The move comes after a federal judge decided in September to uphold the| rule. The attorneys general have filed a notice of appeal in U.S. District Court in Amarillo, Texas, to have the case heard before the Fifth Circuit Court of Appeals in New Orleans.
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