The Wisconsin Institute for Law and Liberty is suing over the Biden Administration’s new rules for social aware investing.
WILL filed a lawsuit in federal court in Milwaukee yesterday accusing the Biden White House of breaking federal law with its ESG investment rules. That rule allows retirement plan managers to consider things like environmentalism and social justice when making investment decisions. WILL says that directly violates a federal law from the 1970s that requires investment managers to try and get the best returns possible for their clients.
