Biden administration wants ESG to factor in employee retirement funds. That mandate would hurt workers.

Biden administration wants ESG to factor in employee retirement funds. That mandate would hurt workers.
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Biden says you must. The duty is enshrined in the 1974 law, ERISA, that made retirement funds an industry dedicated to protecting the savings of American workers. In 2008 and again in 2015, the Obama administration opened the door further by condoing “environmental, social and governance” (ESG) factors as part of an investment process.

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