Department of Labor’s “Do-Good” Investing Rule — Biden Administration Review
In yesterday’s post, we said we expected that the Biden Administration would re-focus attention on the US conflict minerals rule. In a similar vein, by the end of Inauguration Day, the Biden Administration indicated that it wants a review of recent amendments to a Labor Department rule that require that ERISA plan fiduciaries put financial considerations above all other considerations when making investment decisions.
Amendments to the Labor Department’s “do-good investing rule” took effect on…