Biden Puts Americans’ Retirement Money At Risk
Biden is playing a reckless game.
It has just been learned that a group of 25 states filed a federal lawsuit against President Biden over a new rule which will allow retirement plan managers to factor in environmental and social issues when making investment decisions.
According to Fox, The lawsuit which is headed up by Utah Attorney General Sean Reyes and several other Republican states challenges President Biden and the Department of Labor’s (DOL) new rule which will go into effect on Jan. 30.
This bogus new rule from the Biden Administration will open the door for fiduciaries to take into account environment, social and governance (ESG) considerations into Americans’ retirement accounts.
Reyes blasted President Biden saying, “The Biden administration is promoting its climate change agenda by putting everyday people’s retirement money at risk. Americans are already suffering from the current economic downturn.”
Reyes added, “Permitting asset managers to direct hard-working Americans’ money to ESG investments puts trillions of dollars of retirement savings at risk in exchange for someone else’s political agenda. We are acting with urgency on this case because this illegal rule is set to take effect next week. It must be stopped.”
Biden and the Democrats are now pushing their far-left agenda onto Senior Citizens’ retirement accounts hopefully the Republicans win in court.
