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The Labor Department's ESG rule, which took effect on Jan. 30, 2023, ended a Trump-era ban on retirement investment managers considering ESG factors. Then, 26 GOP-led states argued to a federal appellate panel July 9, 2024 to get the rule overturned. However, now that the Supreme Court overturned the Chevron case June 28, which affects how federal agencies defer cases where Congressional statutes are ambiguous, the ESG case has now been sent back to the Texas district court.
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