• Senate kills Biden ESG investment rule in stunning rebuke

    From Johnny@21:1/5 to All on Wed Mar 1 16:14:08 2023
    By Kelly Laco
    Published March 1, 2023

    The Senate passed a disapproval resolution Wednesday, formally killing
    a Biden administration Department of Labor rule that encourages private retirement plan fiduciaries to consider environment, social and
    governance (ESG) factors when making investment decisions for over 150
    million Americans.

    The measure, which only required a simple majority to pass, passed the threshold in a 50-46 vote. The House of Representatives passed it
    Tuesday in a 216-204 vote, with only one Democrat voting for the bill.

    "President Biden wants to sacrifice seniors’ retirement savings to fund
    his political agenda," Sen. Mike Braun of Indiana, who led the bill,
    told Fox News Digital Tuesday. "Both the Senate and the House have now
    sent powerful, bipartisan rebukes of the Biden ESG agenda. I’m proud to
    stand up for Americans’ retirement savings to stop this harmful rule."


    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)