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Republican drive against Biden ESG investment rule gains momentum

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A Republican drive to prevent pension fund managers from considering factors like climate change in their investment decisions gained momentum on Wednesday, as a second U.S. Senate Democrat said he would support the measure in an afternoon vote.

"I'm opposing this Biden Administration rule because I believe it undermines retirement accounts for working Montanans and is wrong for my state," Tester said in a statement.

The resolution would block the Labor Department from enforcing a rule that makes it easier for plan managers to consider environmental, social and corporate governance issues in their investment decisions and when exercising shareholder rights, such as through proxy voting. The political battle marks the latest clash in a Republican war against what they decry as "woke" business practices that is likely to intensify as the 2024 presidential campaign gets under way.

Senate Democratic leader Chuck Schumer accused Republicans of interfering with private investing decisions, saying on the Senate floor that they are "forcing their own views down the throats of every company and every investor."

 

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You forgot to mention the democrats voted against it too. Must have been a good reason for it.

It’s all over but just had to

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Biden could issue his first veto as Congress prepares to vote against ESG investment ruleLawmakers have said the Department of Labor rule 'politicizes' the retirement savings for millions of Americans and are voting to disapprove the rule and kill it. The Senate. BIDEN IS AN EVIL PIECE OF FILTH EVIL TREASONOUS CHI COM RUSSIAN UKRAINE PUPPET !
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House votes to kill Biden’s ‘woke’ ESG investment rule that props up ‘phony climate movement’The House voted Tuesday to kill a Biden administration rule encouraging retirement plan fiduciaries to invest in ESG companies, which the GOP says is a disaster for retirees. Good for the house, and that's as far as it goes. Theatre There's No such term as 'woke'... Disinformation LORD Rev. 'Murdoch/Fox thank you SpeakerMcCarthy
Fonte: FoxNews - 🏆 9. / 87 Consulte Mais informação »