New U.S. Dept. of Labor Rule Affects More Than 150 Retirement Accounts | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 3:27
About this sermon
The new U.S. Department of Labor rule now allows retirement fund managers to consider environmental and social factors when investing Americans' money. But, studies by Bloomberg show these green investments don't give the best returns, as some show 30% less returns. The Biden Administration is cowtowing to guys on the left, and they are going to get the fund manager to decide to make investments based on social issues rather than on getting a return. More than 150 million retirement accounts could be affected. Republican Senator, Cynthia Lummis, a widow, says the most vulnerable will pay a heavy price. Senator, Joe Manchin, states that the government should not be telling investment managers where to invest. On the other hand, Senate Majority Leader, Chuck Shumer, says the rule makes investments more stable and safer. Capitol Hill Correspondent Erik Rosales reports. Don't miss out on the latest news and analysis from a Catholic perspective. Get EWTN News Nightly delivered to your email: https://ewtn.com/enn
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