Senate to Vote Thursday on Walsh DOL, Gensler SEC Nominations

The exemption, called "Improving Investment Advice for Worker & Retirees," is "broadly aligned" with Reg BI, according to Labor's Employee Benefits Security Administration.

Labor, however, said on March 10 that it will abandon two rules adopted under the Trump administration that would have made it more difficult for retirement plans to consider environmental, social and governance (ESG) factors in their investment options and in their proxy votes.

A former chairman of the Commodity Futures Trading Commission, Gensler is a professor of blockchain, digital currency, financial technology and public policy at the Massachusetts Institute of Technology, and senior adviser to the influential Digital Currency Initiative of the MIT Media Lab.

Walsh, a Democrat, was sworn in to serve a second term as mayor of Boston on Jan.1, 2018. He was a member of the Massachusetts House of Representatives from 1997 to 2014, representing the 13th Suffolk district.

Pictured: Gary Gensler. (Photo: Bloomberg)