ESG Investing Rule Backed by Retirement Group After Loper Bright
The Labor Department’s socially-conscious investing rule is faithful to the “letter and spirit” of the federal employee benefits statute and should be upheld in the face of a legal challenge, the American Retirement Association said in a new brief.
The association, which represents the employer-sponsored retirement plan industry, joined with a nonprofit organization that promotes sustainability in investing to support the rule as it faces a legal challenge from 25 red state attorneys general.
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