In response to a DOL request for information on climate-related financial risks in retirement plans, we recommend that rulemaking be principles-based and not favor any type of investment strategy — and that the DOL should coordinate with the SEC.
President Joe Biden was sworn into office on January 20, 2021, and right out of the gate issued several executive orders and presidential actions that in many cases overturned actions and policies of the Trump Administration.
The DOL has adopted amendments to its ERISA investment duties regulation regarding ESG investments that make significant changes to the rule as originally proposed.
The IAA joined several other trade associations on July 20 to ask the Department of Labor to extend the July 30 deadline for public comments on its proposal to limit consideration of ESG factors in retirement plan investments.
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