Biden reverses Trump and ALLOWS employers to consider green investments in 401ks – that have lost an average of $34,000 each this year
- Employers will now be able to invest pension money in green industries
- ESG investing considers the environmental and social impacts of investments
- The change undoes a rule imposed under Trump requiring prioritization of profit
- The new rule, brought about by Biden, will come into effect in 60 days
The Biden administration will allow employers to invest pension money in green industries that could provide lower returns for Americans.
The move which was announced on Tuesday reverses a rule imposed by Trump in 2020 that forced employers to prioritize profit when making 401(k) investments.
The new rule introduced by US…