Red sweep
Likely reversal to 2020 rule requiring private retirement plans to only consider financially relevant investment factors, increasing the hurdles for asset managers that bring SI strategies to the market.
A bill in Congress explicitly prohibiting ESG in private retirement plans is also likely to become law after it was vetoed by President Biden in 2023. Policies leading to rollback of ESG options available in federal pension plans are possible as well. Harris with split Congress
Status quo at a federal level, with the debate on sustainable investing and ESG remaining at the state level as in 2020-2024.