This post originally appeared at https://wifamilycouncil.org/radio/will-gives-update-on-case-involving-investment-freedom/
The Wisconsin Institute for Law and Liberty, also known as WILL, released an update last week on a lawsuit in which they are representing two Wisconsin-based plaintiffs. On behalf of their clients, WILL sued the Biden Administration over a retirement investing rule. The federal rule allows investment managers to consider environment, social, and governance, or ESG, purposes in their investment strategy, regardless of whether it’s in the best interest of their clients. The lawsuit has been put on hold while the Trump Administration reviews the case.
This rule appears harmless, but when investment managers consider ESG factors in investment decisions they’re allowed to focus on “social justice” and DEI over economic advantage. Also, an individual’s retirement savings could be invested in social causes they do not support. The Trump Administration is right to reconsider this rule.
Julaine Appling 
Sierra John