Daines Introduces Legislation to Protect Montanans’ Retirement Savings from the Whims of Woke CEOs
U.S. SENATE – U.S. Senator Steve Daines introduced a bill to prevent financial institutions from prioritizing extraneous factors like environmental social governance over the security of workers’ retirement savings. “Montanans should not have to pay the price for the whims of wokeness with their hard-earned life savings. Fiduciaries must remember their responsibility is to their shareholders, not the woke mob – these are financial institutions, not pop-up shops for the radical Left,” Daines said. Daines’ “Securing Employee Retirement Returns Act” would codify the Trump Administration Department of Labor rules for fiduciaries under the Employee Retirement Income Security Act (ERISA). Background: On May 20, 2021 President Biden issued an Executive Order on Climate