ESG investment rule emerges as top ‘woke’ target for Republicans battling Biden

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Democrats and Republican lawmakers are sounding the alarm that the Biden administration's ESG priorities may be detrimental to the financial well-being of Americans.

On Wednesday, Sen. Joe Manchin, D-W.Va., joined every single GOP senator in introducing a disapproval resolution to stop this rule.

A recent study conducted by UCLA and NYU discovered that over the period of the last five years, ESG funds underperformed compared to the broader market at an average of 6.3% to 8.9%. Sen. Joe Manchin, D-W.Va., joined every single GOP senator in introducing a disapproval resolution to stop this rule by the Biden administration.A group of 25 states last week filed a federal lawsuit against the Department of Labor over the rule, which Utah Attorney General Sean Reyes said would put millions of Americans' safety net retirement plans"at risk."

 

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All GOP senators, Manchin challenge Biden's ESG climate investment rule 'politicizing' Americans' 401KsSen. Joe Manchin joined every GOP senator in introducing legislation that would kill President Biden's ESG rule that would affect the retirement savings of 152 million Americans. It’s not political to incentivize clean air and water and soil. Stay out of my 401 you commie scumbags
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