Published 1 year ago

Biden issues first veto, rejecting bill to reverse ESG rule

Summary by Ground News

President Biden on Monday issued his first veto since taking office, rejecting a bill that would have reversed a Labor Department rule on environmental, social and governance (ESG) investing. “I just vetoed my first bill,” Biden said in a tweet announcing the move.

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Times of India

Joe Biden vetoes bill for first time to block anti-ESG measure

“The Department of Labors final rule protects the hard-earned life savings and pensions of tens of millions of workers and retirees across the country” Biden said in a statement on Monday.

1 year ago·India

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News18 India

Biden Issues First Veto, Rejecting Republican Bill to Reverse Investing Rule

US President Joe Biden issued his first veto Monday, overriding a Republican ban on pension funds. The measure would have nullified a Labor Department rule that allowed retirement fund managers to take environmental, social and governance (ESG) factors into account.

1 year ago·India

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The Guardian

Biden issues first veto on Republican-led retirement investment bill

President rejects legislation to overturn a labor department rule Republicans have denounced as ‘woke capitalism’

1 year ago·London, United Kingdom

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The Independent

Biden issues first presidential veto

President Joe Biden has issued the first veto of his presidency by rejecting a bill that would’ve overturned regulations allowing employee retirement plans to consider Environmental, Social and Governance factors when making investments.

1 year ago·London, United Kingdom

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Reuters

Biden uses first veto to defend rule on ESG investing

U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency.

1 year ago·United Kingdom

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NDTV

Joe Biden Issues First Veto, Overriding Republican Investment Bill

US President Joe Biden wielded his veto pen for the first time Monday, overriding a Republican-led bill that would bar retirement fund asset managers from taking into account environmental, social and governance factors. Biden tweeted that the bill would threaten "retirement savings by making it illegal to consider risk factors." Republicans say the so-called ESG factors amount to political interference. "Your plan manager should be able to prot…

1 year ago·New Delhi, India

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