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Another Hint? Interpreting How The Biden Administration Will Approach Title IX Regulations - Consumer Protection


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On April 6, the Department of Education s Office for Civil
Rights (OCR) issued a new letter to students, educators, and
stakeholders indicating the process that the Biden Administration
will be undertaking on the issues surrounding the Title IX
regulations. While light on details, the letter does provide a
roadmap for OCR s next steps and what colleges and universities
can expect in the Title IX regulatory arena in the near
future.
At a minimum, OCR s letter is intended to provide
information about the steps the Department is taking to carry out ....

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DOL Issues Final Proxy Voting Rule | Groom Law Group, Chartered


On December 16, the Department of Labor (the “Department”) published its
final regulation addressing the fiduciary duties that apply to proxy voting and the exercise of other shareholder rights in connection with investments held by ERISA-covered plans. 29 CFR §2550.404a-1(e); 85 Fed. Reg. 81658 (Dec. 16, 2020) (the “Final Rule”) (attached). The Final Rule represents several significant changes to the Department’s proposed proxy voting regulation, issued just over three months ago (the “Proposed Rule”). 85 Fed. Reg. 55219 (Sept. 4, 2020). The Department received over 300 written comment letters as well as 6,700 form letter submissions in response to the Proposed Rule.
The Final Rule reiterates the Department’s long-held view that when voting (or not voting) proxies, plan fiduciaries must consider the economic significance of the issue on the plan’s investment. But it explicitly rejects the broader set of considerations that it had previously articulated ....

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