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
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."