NEW | WILL Requests Preliminary Injunction to Halt Biden’s Illegal ESG Rule
WILL filed for a preliminary injunction last week to stop the U.S. Secretary of Labor’s new rule permitting the use of environmental, social, and governance (commonly referred to as “ESG”) factors in retirement investing. A lawsuit was filed by WILL in the United States District Court for the Eastern District of Wisconsin.
WILL believes that relying on ESG factors not only violates the Employment Retirement Income Security Act of 1974 (ERISA), which governs the operation of retirement plans and protects the hard-earned savings of millions of employees from mismanagement and abuse, but undermines the authority of Congress.
🗯 WILL Associate Counsel, Kate Spitz, stated, “140 million Americans are not asking for their retirement plans to be politicized, but that’s exactly what’s happening here with the Biden Administration’s new rule. WILL is proud to challenge this rule and will continue to stand strong in defense of liberty, freedom, and a constitution that clearly defines the limits on government authority.”
ℹ️ Want more details about this lawsuit? Listen to this episode of The Vicki McKenna Show with WILL President & General Counsel, Rick Esenberg.
⚖️ Please consider supporting our efforts, as this is WILL’s 7th lawsuit against the Biden Administration.
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