Biden sought to kill a Republican-authored measure that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans.
The contract with anti-ESG firm Strive Advisory, LLC and its co-founder Vivek Ram is capped at $150,000 — with conservative Republican presidential candidate Ramaswamy set to earn $4,000 per hour for ad hoc work.
Late last year, Congress passed a significant revision to the rules for retirement plans with the intent of extending and expanding your saving opportunities.
Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals by backlash from powerful business groups and fears that state pension systems could see huge losses.
The expected action is the latest effort by the White House to target China’s military and technology sectors at a time of increasingly fraught relations between the world’s two biggest economies.
The Senate passed the measure after Sens. Jon Tester, D-Mont., and Joe Manchin III, D-W.Va., crossed party lines and joined the Republicans.
The former representative for Indiana’s 4th Congressional District is accused of illegally garnering stock windfalls by exploiting his consulting clients’ corporate secrets years after he left Congress.
A controversial proposal cracking down on alleged ESG investing in public pensions—while supporting “discriminated” businesses in contentious industries—passed the House mostly along party lines Monday.
House Bill 1008 seeks to block the Indiana Public Retirement System, the Indiana State Police Pension Trust and their respective publicly traded financial managers from making investment decisions based on environmental, social or corporate governmental policies, or ESG.
The members of Congress want companies that accept money authorized by the Chips and Science Act to be restricted from engaging in stock buybacks for at least 10 years.
State senators are pointing to their less-stringent alternative as House lawmakers scramble to tighten up their bill on environmental, social and governmental investment.
An updated fiscal analysis for the legislation shows that over the next decade, the bill, if enacted, could reduce investment returns on defined-benefit funds by $6.4 billion and defined-contribution funds by $300 million.
An Indiana House committee on Thursday approved a bill requiring the state’s public pension system to divest from and terminate business relationships with firms or funds that use non-financial environmental, social and governmental framework factors in investment decisions.
Indiana senators on Wednesday said the state’s pension system should prioritize return on investment in one bill—not environmental and social concerns—even as they advanced another bill requiring the system to divest from China-related investments.
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
House Republican leadership appears poised to dive into culture war issues again when the legislative session starts in January, setting a target on environmental, social and government-focused investing within the Indiana Public Retirement System.
The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.
The personal finance columnist explains what he calls the “power percentage” and also ventures to make a few optimistic predictions for 2023.
Indiana Attorney General Todd Rokita was among the leaders of multistate effort to stop companies like Vanguard from ESG investing, which puts an emphasis on environmental, social, and governance issues.
