front of DOL building in Washington D.C. (Photo: Mike Scarcella/ALM Media)

As might be expected, a political battle has flared over the Biden Administration’s proposed rule that would allow fiduciaries to consider climate change and other environmental, social and governance factors when they select investments and exercise shareholder rights.

Earlier this month, a group of Republican senators called on the Biden Administration to withdraw the rule altogether. That follows praise by Democratic senators when the proposal first was issued in October.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.