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Bill Would Allow Retirement Plans to Use ESG Investments


Bill Would Allow Retirement Plans to Use ESG Investments
The legislation, which follows a year of back-and-forth on ESG investing, would amend ERISA to make it clear that plans may consider ESG factors in their investment decisions.
U.S. Senators Tina Smith, D-Minnesota, and Patty Murray, D-Washington, and U.S. Representative Suzan DelBene, D-Washington, have introduced legislation in both chambers of Congress that they say would provide legal certainty to workplace retirement plans that choose to consider environmental, social and governance (ESG) factors in their investment decisions or offer ESG investment options.
The bill, called the Financial Factors in Selecting Retirement Plan Investments Act, would amend the Employee Retirement Income Security Act (ERISA) to make it clear that plans may consider ESG factors in their investment decisions provided they consider such investments in a prudent manner consistent with their fiduciary obligations. The legislators note ....

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House Committee Expected to Advance 'SECURE Act 2.0'


House Committee Expected to Advance ‘SECURE Act 2.0’
Commenting on the expected legislative action, sources agree the stakes remain high when it comes to addressing the U.S. retirement security gap.
Reported by
The House Ways and Means Committee has scheduled a markup session for 11 a.m. EST, May 5 i.e., tomorrow focused on advancing the “Securing a Strong Retirement Act.”
A markup session is where a committee formally considers a bill and debates amendments, should any be put forward by committee members. Typically, such sessions conclude with a vote on a final version of a bill for full House floor consideration, though other outcomes are possible that would potentially pause or slow the bill’s progress. Should the committee advance the bill by majority vote, it is possible the full House could vote on the legislation in the coming weeks or months. ....

United States , Wayne Chopus , Catherine Reilly , Harvard Kennedy School Of Government , Means Committee , Setting Every Community Up For Retirement Enhancement , Retirement Institute , House Ways , Strong Retirement Act , Retirement Enhancement , Insured Retirement Institute , Smart United States , Harvard Kennedy School , ஒன்றுபட்டது மாநிலங்களில் , கேத்தரின் ரெய்லி , ஹார்வர்ட் கெந்நெடீ பள்ளி ஆஃப் அரசு , பொருள் குழு , அமைப்பு ஒவ்வொன்றும் சமூக மேலே க்கு ஓய்வு விரிவாக்கம் , ஓய்வு நிறுவனம் , வீடு வழிகள் , வலுவான ஓய்வு நாடகம் , ஓய்வு விரிவாக்கம் , காப்பீடு செய்யப்பட்டது ஓய்வு நிறுவனம் , புத்திசாலி ஒன்றுபட்டது மாநிலங்களில் , ஹார்வர்ட் கெந்நெடீ பள்ளி ,