Does the Biden Administration’s new ESG rule “mandate” that ERISA plans must consider ESG factors for all retirement plan investments? The more sensational members of the mainstream press seem to think so. American Retirement Association CEO Brian Graff asks Tim Hauser, Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration (EBSA), for a definitive answer.
“This is one of those questions that is answerable just from reading the text of the reg,” Hauer countered. “We could not be clearer ….”
Here is what Hauser has to say in this short clip.
THE FULL INTERVIEW CAN BE FOUND HERE