This week, U.S. Senator Thom Tillis (R-NC) and 49 of his Senate colleagues introduced a bipartisan challenge to President Biden’s ESG rule which politicizes millions of Americans’ retirement investments to favor Biden’s ideological preferences rather than getting the best returns for Americans. In November, President Biden instituted a rule that explicitly permits Employee Retirement Income Security Act (ERIS) retirement plan fiduciaries to consider environmental, social, and corporate governance (ESG) factors when selecting investments and exercising shareholder rights.
