Attorney General Todd Rokita today continued his leadership in the fight against ESG (environmental, social and governance) investment. He announced that Indiana is part of a 25-state lawsuit against the Biden administration over a Department of Labor (DOL) rule that would allow 401(k) managers to direct clients’ money toward this discredited strategy instead of rightly exercising their fiduciary duty to maximize financial return for retirement account holders.

The new rule — which runs contrary to the laws outlined in the Employee Retirement Income Security Act of 1974 (ERISA) — would affect the retirement accounts of millions of people.

“ESG investment strategies are not even designed to maximize financial returns for clients,” Attorney General Rokita said. “Rather, they have been concocted entirely to impose a leftist social and economic agenda that cannot otherwise be implemented through the ballot box.”

Attorney General Rokita has been a national leader in the fight against ESG investing.

He has issued an official advisory opinion clarifying that Indiana and its investment managers must give priority to the financial interests of state employees and retirees — refraining from using investment strategies guided or influenced by ESG considerations.

Among other actions, he is also investigating three of the largest investment managers — BlackRock, Vanguard and State Street.

The new DOL rule, which takes effect on Jan. 30, affects two-thirds of the U.S. population’s retirement savings accounts, totaling $12 trillion in assets. Strict laws enacted as part of ERISA are intended to protect retirement savings from these kinds of unnecessary risks.

“Woke big businesses are collaborating with their leftist allies to subvert the will of the people,” Rokita said. “That’s contrary to the letter and spirit of the law.”

Attorney General Rokita thanked his fellow attorneys general from Texas and Utah for their work organizing the multistate coalition filing this week’s lawsuit.

The lawsuit is attached.

• 2023.01.26_1 Complaint.pdf

New partnership with states will help communities access funds from President Biden’s Bipartisan Infrastructure Law for lead service line removal and replacement

WASHINGTON (January 27, 2023) – Today, EPA will announce a major new initiative to accelerate progress toward the Biden-Harris Administration’s goal of achieving 100% lead service line removal and replacement.  The “Lead Service Line Replacement Accelerators” initiative will be introduced during a White House convening with Vice President Kamala Harris and EPA Administrator Michael S. Regan, alongside state and local leaders celebrating the one-year anniversary of the Lead Pipe and Paint Action Plan. The new Accelerator will provide targeted technical assistance services to help underserved communities access funds from President Biden’s Bipartisan Infrastructure Law and replace lead pipes that pose risks to the health of children and families. The initiative is a partnership with the Department of Labor, Connecticut, Pennsylvania, New Jersey, and Wisconsin and will work with 40 communities across those states in 2023.

“The science is clear—there is no safe level of exposure to lead,” said EPA Administrator Michael S. Regan. “EPA is committed to partnering with states and communities to protect children and families and ensure our nation’s drinking water pipes are lead-free. Our Lead Service Line Replacement Accelerators demonstrate our commitment to ensuring every community has access to safe, clean drinking water. By leveraging the historic investment made possible by the Bipartisan Infrastructure Law, we are moving one step closer to achieving President Biden’s vision of 100% lead-free water systems for all.”

Through the Lead Service Line Replacement (LSLR) Accelerators, EPA will provide hands-on support to guide communities through the process of lead service line removals, from start to finish. This will include support in developing lead service line replacement plans, conducting inventories to identify lead pipes, increasing community outreach and education efforts, and supporting applications for Bipartisan Infrastructure Law funding. As a result, more communities will be able to access their fair share of federal funds to secure a lead-free future.

Partnership is core to the LSLR Accelerators initiative. EPA will collaborate each step of the way with Connecticut, Pennsylvania, New Jersey, and Wisconsin and applauds their leadership in seeking innovative new ways to accelerate lead pipe removal. The Accelerators initiative will support these states in more strategically deploying funding from the Bipartisan Infrastructure Law (BIL) for lead service line replacements while developing best practices and creative approaches that can serve as a roadmap for the rest of the country. As this program moves forward, EPA and the Department of Labor will collaborate to provide tools aimed at increasing job quality standards, equity, and resources to accelerate the development of the skilled water workforce needed to undertake these community and system-wide lead service line replacement programs.

“Connecticut is proud to be one of the four states involved with the Lead Service Line Replacement Accelerators Community Initiative which is critical toward investing in safe drinking water and ultimately protecting the health of our communities,” said Connecticut Governor Ned Lamont. “The Lead Service Line Accelerators will address existing barriers and accelerate progress on these projects. Inviting input from our residents, providing educational resources, and engaging affected members of the community are necessary components in identifying and ultimately replacing these lead service lines.”

“Our historically underserved communities know all too well the severe damage that lead exposure can inflict upon children and families,” said New Jersey Governor Phil Murphy. “As a result of my Administration’s aggressive and ongoing lead pipe replacement efforts, we also know that no state in the country is better suited to continue serving as a national model for lead remediation than New Jersey. We are eager to continue working alongside our federal and regional partners to eradicate this grave public health threat once and for all.”

“Pennsylvanians have a constitutional right to clean air and pure water, but far too many communities here in Pennsylvania suffer from old and outdated lead pipes that endanger the health of our children and families,” said Pennsylvania Governor Josh Shapiro. “My Administration is ready to work with President Biden, Vice President Harris, and our federal partners to make life-saving investments that will deliver clean drinking to families across the Commonwealth, especially in communities that have been left behind for too long. Working with our federal partners, we can rebuild our infrastructure, create good-paying jobs, and guarantee that constitutional right holds for all Pennsylvania, regardless of their zip code.”

“Every Wisconsinite deserves access to safe, clean drinking water. We’ve been working to address the lead crisis and other water quality issues affecting our state since Day One of my administration—from declaring 2019 the Year of Clean Drinking Water to our ongoing work with the EPA to replace lead service lines across our state,” said Wisconsin Governor Tony Evers. “The Biden Administration and the EPA have been critical partners in these efforts. I look forward to continuing our work together to ensure Wisconsinites can trust the water coming from their taps.”

The LSLR Accelerators initiative represents another step forward by the Biden-Harris Administration to achieve 100% lead free water systems. President Biden’s Bipartisan Infrastructure Law invested an unprecedented $50 billion in the nation’s water and wastewater infrastructure, including $15 billion dedicated to lead service line replacement and $11.7 billion of general Drinking Water State Revolving Funds that can also be used for lead service line replacement. And in 2021, with the boost from these water infrastructure investments, the Biden-Harris Administration released its Lead Pipe and Paint Action Plan. EPA is committed to this work and using every tool available— statutory authority under the Safe Drinking Water Act, technical assistance, funding for lead service line replacement, and more—to protect all Americans from lead in drinking water.

With the help of Bipartisan Infrastructure Law funding, EPA is strengthening its technical assistance efforts in order to ensure every community gets its fair share of this historic investment. For more information about water technical assistance for communities and the Lead Service Line Replacement Accelerators, please visit.  https://www.epa.gov/water-infrastructure/water-technical-assistance.