The Department of Labor (DOL) filed court documents last week indicating it will stop defending a Biden-era rule allowing ESG considerations in retirement plans. The agency said it plans to propose a new rule to replace it.

The rule has faced Republican opposition since 2022 but survived both legal and legislative challenges, including a congressional repeal effort vetoed by President Biden. The DOL’s reversal continues a broader shift away from ESG under the second Trump administration.

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