U.S. Senate Kills Biden Administration Rule on ESG Investment Decisions

U.S. Senate and U.S. House pass disapproval resolution to halt the use of environmental, social, and governance (ESG) factors in fiduciary decisions for retirement plans.

In a bizarre turn of events, on Wednesday, March 1, 2023, the U.S. Senate sent a disapproval resolution to President Biden's desk, effectively quashing the Department of Labor's rule encouraging priv…