

Bernice Napach, Think Advisor
- Jul 27, 2020
- 4 min
(Heartland in the News) DOL Plan to Limit ESG in 401(k)s Draws Growing Opposition
Opposition to the Labor Department’s proposal to limit environmental, social and governance focused investments in 401(k) plans is growing, along with requests for a longer comment period. Morningstar, Heartland Capital Strategies, Principles for Responsible Investment and Institutional Shareholder Services (ISS) have written comment letters opposing the proposal along with 41 Democratic members of the House, 13 Democratic members of the Senate and others. In addition, a coal


NAPA Net Staff
- Jul 23, 2020
- 3 min
House Dems Diss DOL’s ESG Proposal
Pushback on the Labor Department’s ESG proposal continues—this time in a letter from about 40 Democrats in the House of Representatives. The July 20 letter to Secretary of Labor Eugene Scalia, signed by Reps. Brendan Boyle (D-PA-02), Andy Levin (D-MI-09) and Susan DelBene (D-WA-01) and cosigned by three dozen of their counterparts in the House, states that the proposed rule “drastically shifts the landscape of responsible, social investing and cuts at the freedom of private e


Heartland Network
- Jul 23, 2020
- 1 min
Letter from Jon Lukomnik, Managing Partner at Sinclair Capital, and Co-Signers
Click the letter below to read the entire document:
Heartland Network
- Jul 23, 2020
- 15 min
David Keto and SRI Group's Letter to the DOL
SRI Group 1629 K Street, NW, Suite 300 Washington, DC 20006 July 17, 2020 Office of Regulations and Interpretations Employee Benefits Security Administration Room N-5655 200 US Department of Labor 200 Constitution Avenue NW Washington, DC 20210 RE: Proposed Rule on Financial Factors in Selecting Plan Investments (RIN 1210-AB95) Dear Employee Benefits Security Administration: I write in strong opposition to the Department of Labor’s proposed rule, “Financial Factors in Selecti


Heartland Network
- Jul 23, 2020
- 1 min
James S. Beall's Letter to the DOL
Click the letter below to read the entire document:


Heartland Network
- Jul 23, 2020
- 1 min
Congressman Andy Levin's Letter in Opposition to the DOL Rulemaking
Click the letter below to read the entire document:


Chris Taylor
- Jul 22, 2020
- 2 min
Recurring Feature: Responsible Investor Aviators Answer 7 Questions
Please tell us about your institution, and how you began moving toward responsible investment and/or good
corporate governance?
Federated Hermes has for several decades sought to act responsibly and deliver holistic returns in order to ensure a better place for our beneficiaries when they retire. How did you get personally become interested in the capital markets, pension fund world and progressive responsible
investment and/or corporate governance?
Emboldened by the wond


Emile Hallez, Investmentnews.com
- Jul 22, 2020
- 2 min
Senate Democrats ask DOL to back off ESG rule
The proposed restrictions on environmental, social and governance funds in 401(k)s would perpetuate racial discrimination, a group of lawmakers wrote Senate Democrats took aim this week at the DOL’s recently proposed ESG rule, crying foul over the racial implications it poses. In a letter July 15 to Labor Secretary Eugene Scalia, the group of 13 senators wrote that the proposed restrictions on investments that use environmental, social and governance criteria “would discourag
David Keto
- Jul 17, 2020
- 5 min
Background and Information on DOL Rulemaking (look for ou
Heartland Capital Network Briefing Package on DOL Rulemaking on Financial Factors in Selecting Plan Investments Overview The US Department of Labor has issued proposed new regulations implementing the Employee Retirement Income Security Act of 1974 (ERISA) that would discourage and, in some cases, effectively prohibit responsible investment in US retirement plans. The proposed rulemaking was issued on June 30, 2020, with a public comment period ending on July 30, 2020. The p