What If 401(k)s Could Fund the Green New Deal Instead of Wall Street?

What If 401(k)s Could Fund the Green New Deal Instead of Wall Street?

On April 14, the House Financial Services Committee held a hearing to discuss infrastructure ideas to help realize President Biden’s “build back better” economic vision. Among the ideas discussed at the hearing was a proposal by Cornell University Law Professor Saule Omarova: a National Investment Authority that could fund public projects large and small, but also provide a way for the public to invest their money without having to rely on Wall Street.

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