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US President Joseph Biden and Vice President Kamala Harris have consistently framed their policies with what they call the four major “crises” facing the nation: COVID-19, the economy, climate, and inequity. Many of the most important executive actions and policy proposals during the first 100 days of the Biden-Harris administration, whether by legislative proposal, executive order, rulemaking, or other policy vehicle, have been framed as an attempt to address one or more of these four policy concerns, and most address more than one.
Day 1 of the administration started with a series of
Labor Dept. moves to rescind two Trump-era rules on worker classification
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March 11 (UPI) The Biden administration on Thursday announced it is working to rescind two Trump-era rules it says weakened worker protections.
In the latest move by the administration of President Joe Biden to roll back the policies of his predecessor, the Labor Department said in a statement it has proposed to withdraw two rules that concern the classifications of workers and contractors under the Fair Labor Standards Act.
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The first rule called the Independent Contractor Final Rule, which was issued in the final weeks of the Donald Trump presidency, sought to clarify the standard for employee versus independent contractor while the second rule updated guidance for determining joint employer status, which was mostly vacated by the court last year deeming it violated the Administrative Procedure Act.
DOL won’t enforce Trump-era ESG rules
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
March 10, 2021 3 MINS
The Department of Labor will not enforce two controversial Trump-era rules that restricted the use of ESG investments in retirement plans, the agency announced Wednesday.
In a statement, the DOL said that it will take a hands-off approach to the recently passed rules, Financial Factors in Selecting Plan Investments and Fiduciary Duties Regarding Proxy Voting and Shareholder Rights. The first pertains to “pecuniary” considerations when vetting investment options within 401(k)s and other defined-contribution plans, while the latter deals with traditional pension plans’ involvement in environmental, social and governance concerns.