NEGATIVE Labor 118th Congress

H.J.Res.30 Disapproval of DOL ESG Rule

Overturns the DOL rule allowing retirement plans to consider environmental and social factors in investment decisions (118th Congress)

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Legal & Constitutional Grounding

DOL rule aligns with ERISA fiduciary duty; disapproval restricts consideration of material risk factors.

29 U.S.C. § 1104(a) (ERISA)

DOL EBSA — 29 U.S.C. § 1104(a) (ERISA fiduciary duties), official guidance

CRA to block DOL ESG investing rule for retirement plans. The rule allows fiduciaries to consider material ESG factors consistent with their documented impact on long-term investment returns.