A similar bill sailed through the GOP-controlled House on Tuesday in a 216-204 vote.
Republican lawmakers, such as Sen. John Barrasso also worried that the Labor Department rule would jeopardize the retirement savings of more than 152 million Americans. “We’re trying to protect retirement funds for people,” Barrasso said during the press conference on Wednesday. Tesla CEO Elon Musk last year called ESG a scam that “has been weaponized by phony social justice warriors.”
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misleading headline; this is solely about giving fund managers more options
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Very good. Unfortunately though, Biden will likely just veto it. Identity politics and wokeness are two of the biggest things that drives Biden's unspeakably pathetic 'Presidency'. So it stands to reason that he would heavily protect that ESG crap.
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