U.S. Congress votes to block ESG investing, Biden veto expected

Senators react after vote to block Biden's ESG investing rule

The Senate voted 50-46 to overturn a Labor Department rule on ESG investing. Two Democrats joined 48 Republicans in the vote against the rule that allows retirement plan fiduciaries to consider climate change and other environmental, social and governance factors as they make investment decisions for their clients. “People should not have their retirement funds diminished to meet a social agenda. People who are managing retirement funds should d…

Biden's ESG Rule, Termed 'Woke' By Republicans, Overturned By US Senate Bill; Biden To Veto - Schwab US Dividend Equity ETF (ARCA:SCHD), iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU), Goldman Sachs Future Real Estate and Infrastructure Equity ETF (ARCA:GRE

The U.S. Senate on Wednesday voted to adopt a resolution to overturn a Department of Labor rule which allows retirement plans to consider environmental, social and governance (ESG) investing when making investment decisions, according to multiple news outlets. What Happened: Republicans have been heavily critical of the President Joe Biden administration rule, saying it is part of a "woke" political agenda, although the rule merely gave retireme…

Senate kills Biden’s ‘woke’ ESG investment rule in bipartisan vote

The Senate on Wednesday overturned a Department of Labor rule that allows retirement plans to consider environmental, social and governance factors when making investment decisions, with Republicans arguing that it is a part of President Biden’s “woke” agenda.

Biden Breaks Out Veto Pen for ESG, Soft on Crime Bills

President Joe Biden will reportedly issue the first vetoes of his term this week in the wake of Congress passing two bills.

Senate Votes to Block Biden's ESG Rule That Authorizes Asset Managers to Prioritize Funding Political Agendas - Biden Vows to Veto

First Biden Veto Expected After Senate Votes to Sacrifice Pension Rule to Corporate Greed

"It's wrong that some lawmakers would play politics with Americans' financial futures by preventing retirement fund managers from considering all risks—including financial risks related to climate—when making investment decisions," said one activist.