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Biden's first veto could impact your 401(k) and the U.S.'s climate-change fight - MarketWatch

Climate Change - Impact - Google News · last updated

Biden's first veto could impact your 401(k) and the U.S.'s climate-change fight - MarketWatch

President Joe Biden has pledged to veto another change to the rules that dictate how much retirement-fund managers, including for 401(k)s and pensions, consider climate change, corporate board diversity and other factors when picking the stocks and funds that many workers will rely on for retirement savings.

This week, the Republican-led House voted largely along party lines to roll back a Department of Labor rule over Environmental, Social and Governance (ESG) considerations when investing for workers’ retirements that was...

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