DOL Will Not Enforce Final Rules on ESG, Proxy Voting The federal agency will revisit the disputed regulations, enacted in the final days of the Trump administration. The US Department of Labor (DOL) on Wednesday said it will not enforce two widely disputed final rules on proxy voting and environmental, social, and governance (ESG) investing in retirement plans subject to the Employee Retirement Income Security Act (ERISA). The federal agency said it plans to revisit those guidelines, which were enacted in the final days of the Trump administration. The decision comes after an executive order from President Joe Biden, who called on federal agencies to review any existing regulations that go against tackling climate change. Any rules that do not comply with the policy change should be reviewed, the order says.