The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned.

The rules restricting ESG funds from being included in Trump Accounts come alongside other rules ensuring that investment options in the accounts have low fees to ensure investors keep more of their money.

“Corporate America has rejected ESG ideology, and we will not allow it to be a part of Trump Accounts,” Treasury Secretary Scott Bessent told FOX Business in a statement.

“These accounts exist to build financial security…

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