RI Center Signs-on to National Letter to Congress to Repeal Biden’s Assault on Personal Retirement Funds

The RI Center for Freedom & Prosperity and its CEO, Mike Stenhouse, urging US Congressional leaders to continue their efforts to repeal the woke Biden-Harris ESG rule on individuals’ 401k and other retirement accounts.

The letter to House leadership applauds their efforts to repeal the Biden administration’s ESG rule and calling for Congress to continue efforts to codify the anti-ESG legislation.

The letter campaign, led by Advancing American Freedom, features over 5 dozen statewide elected officials and  grassroots advocacy groups.

“Americans are looking to Congress to protect their hard-earned savings from being funneled into Biden’s woke agenda. We look forward to continuing our work with leadership to include this crucial legislation in upcoming legislative packages and deliver a win for the American worker.” —AAF Executive Director Paul Teller

The letter in full states:

Dear Speaker McCarthy, Leader Scalise, and Whip Emmer,
Thank you for your efforts to repeal the highly concerning Biden-Harris Department of Labor rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights,” which would allow leftwing “ESG” priorities to take precedence over returns for 401(k) investments.
We are grateful that you advanced the Congressional Review Act resolution (H.J.Res. 30) and sent it to President Biden’s desk. It is unconscionable that he vetoed this resolution. At a time when he took swift action to bail out wealthy California depositors at Silicon Valley Bank, Biden has demonstrated that the value of middle-class workers’ retirement savings is not as important as progressive values on the environment, biological sex, and other matters.
Because millions of workers will still be hurt by this rule, we look forward to your ongoing legislative efforts to repeal it. For example, a repeal of this rule could be included as part of an upcoming appropriations bill.
Please let us know how we can support you in this and other initiatives to protect workers’ savings.

(click here to see the original letter and all co-signers)


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