Biden issues first veto after Congress passes measure blocking investment rule

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President Biden issues his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule for retirement plans.

"I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country," Biden said in a video posted on his Twitter account."They couldn't take into consideration investments that would be impacted by climate, impacted by overpaying executives and that's why I decided to veto it."

In the Senate vote, Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana joined Republicans to pass the measure.

 

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Trump DOL started this mess by implementing a rule on what money managers can consider. Biden simply reversed more government meddling.

Bipartisan effort.

So basically the financial institution that holds my retirement doesn't have to act in my best interest financially and can put money into political interests instead? Seems like a bad veto.

Biden just vetoed a bill that was passed by both the House and Senate that would've protected Americans' retirement funds from being wasted on ESG-backed investments. You know - the liberal wish list policies that are causing total financial failures everywhere

Absolutely... you need to always go for the flavor of the month rather than a secure investment that gives the greatest returns. Because it is always a political thing and never a people thing. Thanks Joe.

NBC. FAKE NEWS!!!!!! Tell the real story behind communist joe the traitors veto

What is this bafoon's End Game?

Smart 1st veto. Confusing issue to explain. “Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana joined Republicans to pass” the bill. A two-thirds majority is needed in each chamber to override a veto.

Of course, older people control the polls

Thank You Dark Brandon don’t let the soulless republicans take advantage of seniors!

Tell the full story . The bill would have blocked retirement being squandered on ESG nonsense

Dementia patient issues 1st veto.. i fixed it

'POTUS Biden is choosing to put his Administration's progressive agenda above the well-being of the American people.' - Sen_JoeManchin

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