Trump Accounts Take ESG Investing Crackdown to Kids' Portfolios

Bloomberg Law quoted Mayer Brown partners Hillary August and Stephanie Vasconcellos on the Trump administration's proposed restrictions on ESG investments in Trump Accounts. Hillary noted that the policy aligns with the administration's focus on US-based investments and may have limited practical impact because many ESG funds already exceed the proposal's low-cost investment requirements, while Stephanie said the investment criteria are consistent with the goal of providing broadly accessible, long-term savings vehicles for children.