In the latest Republican attack on the Department of Labor's (DOL's) rule allowing retirement plan fiduciaries to consider environmental, social, and corporate governance (ESG) factors in selecting investments, 49 GOP senators and one Democrat plan to reintroduce a resolution designed to block enforcement of the regulation. (The resolution was first introduced in the last session of Congress.)
Sen. Mike Braun, R-Indiana, is leading the effort, which also includes Sen. Joe Manchin, D-West Virginia. In the House, the attempt to block the rule is being led by Rep. Andy Barr, a Republican representing Kentucky.
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