Today, President Joe Biden vetoed the bipartisan resolution from Congress that condemned, and would ultimately block, the use of environmental, social, and governance (commonly referred to as “ESG”) factors in retirement investing. WILL responded to the President’s decision, and continues its legal efforts against the woke and illegal rule.
🗯 WILL President & General Counsel, Rick Esenberg, stated “If environmental impacts or social issues are actually relevant to risk, fiduciaries have always been obliged to consider them. The Department rule presumes their relevance and, in practice, all but mandates their consideration. I’d rather have my retirement funds managed by professionals than politicians.”
🗯 WILL Associate Counsel, Kate Spitz, added, “President Biden’s recent veto of this congressional resolution leaves us no choice but to continue our lawsuit against his administration’s ESG rule. The President’s action not only ignores the bipartisan will of Congress and circumvents its action, but jeopardizes the financial security of over 140 million Americans by injecting partisan issues, such as climate change and DEI initiatives, into their retirement investments.”
⚖️ WILL proudly represents and takes on clients at no cost to them—and it’s all because of generous supporters like you. Help us push back against President Biden's reckless executive action—standing up proudly for freedom, liberty, and the rule of law.
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