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Retirement Investments: Considering Environmental and Social Factors

New rules allow retirement plan managers to consider environmental, social, and governance (ESG) factors when making investment decisions. This means your retirement savings can be invested in companies that prioritize sustainability, as long as it doesn't negatively impact potential returns. The act repeals previous restrictions on this practice.
Key points
Retirement fund managers can now consider environmental, social, and governance (ESG) factors when selecting investments.
ESG factors can be tie-breakers when competing investments offer similar financial benefits.
The act removes previous regulations that restricted the consideration of these factors.
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Additional Information
Print number: 117_S_1762
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financial Factors in Selecting Retirement Plan Investments Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1762.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Retirement fund managers can now consider environmental, social, and governance (ESG) factors when selecting investments.
  • ESG factors can be tie-breakers when competing investments offer similar financial benefits.
  • The act removes previous regulations that restricted the consideration of these factors.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy