Trump administration officials are considering whether to rescind a Biden-era eco-friendly 401(k) investing regulation twice upheld by a conservative-leaning federal district court judge in Texas.
The US Labor Department raised rescission of the rule for the first time in a Monday motion for abeyance in an appeal filed by more than two dozen Republican state attorneys general that have been challenging the regulation since 2023.
“The Department has determined that it intends to reconsider the challenged rule, including by considering whether to rescind the rule,” the government said in the motion before the US Court of Appeals for the Fifth ...