•  "Nothing in the DOL rule that they seek to repeal imposes any requirement on anyone. In fact, it goes out of its way to make sure decision-making remains solely in the hands of the fiduciary. Republicans love to talk about small government and letting the private sector do its work. But their obsession with eliminating ESG would do just the opposite." Source: Chuck Schumer (Democrat, New York, Senator)

•   "The Administration strongly opposes H.J. Res. 30, a resolution that would disapprove of the rule finalized by the Department of Labor (DOL) relating to Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights. Since day one, the Biden-Harris Administration has been unapologetic in fighting for America’s workers and ensuring our economy works for America’s working people. America’s workers built this country – and this Administration owes it to them to ensure that fiduciaries have the fullest set of available tools to protect their life savings and pensions. As it has for nearly 50 years, federal law demands that investment decisions made by retirement plan investors are based solely on plan beneficiaries’ financial benefits in their retirement income. The Biden-Harris Administration rule reflects feedback from approximately 900 written comments and more than 20,000 petition signatures during the 60-day comment period from a variety of parties, including plan sponsors and other plan fiduciaries, individual plan participants and beneficiaries, labor organizations, financial services companies, academics, elected government officials, trade and industry associations, and others, both supporting and opposing the proposed rule." Source: OMB