May 22, 2024 House Democrats Initiate Probe of Anti-ESG Investment Guidelines Issued by Conservative States By Jacob H. Hupart On Monday, May 21, 2024, Congressman Nadler (D-NY) and Congressman Correa (D-CA), the ranking Democratic members on the House Judiciary...
May 07, 2024 Oklahoma Treasurer Bans Additional Bank From State Business Due to ESG Policy By Jacob H. Hupart The Oklahoma State Treasurer added yet another bank to its blacklist of companies that are barred from doing business with the State of...
Mar 21, 2024 Texas Court Rules ESG Lawsuit Against Employer's 401(k) Plan Can Proceed By Jacob H. Hupart Recently, a Texas federal court denied the defendants' motion to dismiss in a lawsuit featuring allegations that an employer's 401(k)...
Jan 26, 2024 Investors Pull Money From ESG Funds By Jacob H. Hupart It has been reported--based upon an analysis by Morningstar--that “[i]nvestors pulled $5 billion from U.S. sustainable funds in the...
Jan 25, 2024 New Hampshire Legislators Propose Laws to Criminalize Investing Based on ESG Criteria By Jacob H. Hupart Recently, a pair of bills were proposed in the New Hampshire state legislature that would make it a felony to knowingly invest state or...
Jan 10, 2024 Missouri Anti-ESG Rules At Risk In Court Decision By Jacob H. Hupart On January 5, 2024, Judge Bough (W.D. Mo.) denied the motion to dismiss filed by the Missouri Secretary of State and the Missouri...
Sep 27, 2023 Biden Administration's DOL Rule Enabling Investment Advisors to Consider ESG Factors Survives Judicial Challenge By Jacob H. Hupart On September 21, 2023, Judge Kacsmaryk (N.D. Texas), a famously conservative Trump-appointed jurist, upheld a Department of Labor rule...
Mar 21, 2023 President Biden Issues First Veto to Protect ESG Investing By Jacob H. Hupart Today, President Biden issued the first veto of his presidency. This action had been heavily telegraphed in advance and was widely...
Mar 16, 2023 President Biden Threatens First Veto Over Congressional Nullification of DOL Regulation Enabling Consideration of ESG Factors By Jacob H. Hupart Last fall, the Biden Administration's Department of Labor ("DOL") issued a regulation ("Prudence and Loyalty in Selecting Plan...
Feb 27, 2023 Conflict in Kentucky Over ESG Investing By Jacob H. Hupart The State of Kentucky, like many other states across the country, is now engaged in significant conflict over the politicized issue of...
Feb 07, 2023 California Legislators Propose Three Climate Bills Focused on ESG Disclosure and Investment By Jacob H. Hupart Three bills have recently been proposed by a trio of California state legislators concerning ESG financial disclosures and investing. ...
Jan 23, 2023 Texas AG Bars Major Bank from Underwriting Municipal Bond Offerings in Texas Due to Alleged Discrimination Against Firearms Industry By Jacob H. Hupart Last week, it was reported that the Texas Attorney General would "not approve any public security" which was purchased or issued by a...
Nov 23, 2022 Department of Labor Enables Consideration of ESG Factors in ERISA Investments By Jacob H. Hupart Yesterday, the Department of Labor "released a final rule under the Employee Retirement Income Security Act (ERISA) . . . [that]...
Sep 29, 2022 Public Criticism of Ratings Used for ESG Investing By Jacob H. Hupart Today's edition of the New York Times featured an opinion piece that critiqued ESG investing--and not from the perspective that "values"...
Nov 03, 2021 UK Publishes New Climate Disclosure Requirements By Jacob H. Hupart The United Kingdom recently published "Greening Finance: A Roadmap to Sustainable Investing." This document reflects and incorporates a...
Apr 13, 2021 SEC Issues Risk Alert Concerning ESG Disclosures By Jacob H. Hupart The SEC issued a risk alert from the Division of Examinations concerning "observations of deficiencies and internal control weaknesses...