DOL Tells 5th Circ. It Will Craft New ESG Rule For 401(k) Plans

Summary

Law360 (May 28, 2025, 7:15 PM EDT) -- The U.S. Department of Labor told the Fifth Circuit on Wednesday that it will launch new rulemaking and move "as expeditiously as possible" to replace Biden administration regulations on whether fiduciaries can consider issues like climate change and social justice when choosing retirement plan investments.