Anti-woke campaign targets Biden ahead of veto to save his ESG rule for 401(k)s
A prominent conservative group that is combating "woke capitalism" rolled out a mobile billboard Tuesday as part of a new ad campaign against
The mobile billboards pose the question "What Does ESG Really Stand For?" and provide three "definitions" of ESG: Enabling Slave labor & Genocide; Elitists, Socialists, & Grifters; and Erasing Savings & Growth. The billboards also target some of the movement's biggest
"Allowing retirement plans to include ESG considerations undercuts the will of the American people by permitting ESG elites, like BlackRock CEO
The
Opponents of the ESG rule say it jeopardizes Americans' retirement savings and that clients may be unaware their money could go toward causes they don't support while proponents argue ESG is a decades-old practice that considers relevant factors outside standard fiduciary risks to maximize returns.
The campaign from
In a note to congressional leaders,
"While some politicians are playing politics with retirees' hard-earned savings, this administration has committed to protecting American workers' and retirees' financial security by allowing them to make investment choices without government interference,"
SECURE 2.0 Act lets retirees defer taxes on retirement plan money longer
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