Senator Cotton Introduces Legislation to Overturn Biden ESG Retirement Savings Rule

Washington, D.C. — Senator Tom Cotton (R-Arkansas) introduced legislation on Thursday that would overturn the Biden administration’s new rule allowing retirement plans to prioritize ESG factors like climate change and racial justice over maximizing shareholder value.

“Retirement plans should prioritize investments with the highest return, not ESG scams,” said Sen. Cotton.

Bill text is here.


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