A federal judge in Amarillo, Texas, rejected arguments made by 26 attorneys general in Republican-led states challenging the legitimacy of the Biden Administration\u2019s so-called ESG rule.<\/p>\n
The attorney generals had asked the court to reconsider its earlier decision to affirm the rule after the U.S. Supreme Court overturned the Chevron doctrine.<\/p>\n
The Department of Labor rule would allow plan fiduciaries to select sustainable investment options in 401(k)s, relying on environmental, social, and governance factors to act as a \u201ctiebreaker\u201d when all other considerations involving competing investments are equal.<\/p>\n
The decision might be moot if the DOL withdraws the rule, which has been expected since President Trump was inaugurated.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" A federal judge in Amarillo, Texas, rejected arguments made by 26 attorneys general in Republican-led states challenging the legitimacy of the Biden Administration\u2019s so-called ESG rule. The attorney generals had asked the court to reconsider its earlier decision to affirm … Continue reading