House GOP retirement fund bill takes aim at ESG investing

House Republicans are continuing their attempt to pump the brakes on so-called “woke” investing with new legislation that could place limits on financial advisors and retirement funds.

  • Rep. Andy Barr, R-Ky., will introduce a bill Wednesday that would target funds that consider environmental, social and governance issues, known as ESG.
  • Barr’s measure would update the Employee Retirement Income Security Act to require retirement funds to focus only on maximizing profits, limiting the ability to invest in ESG options.

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