The House fails to override Biden's first veto of his presidency on a resolution to overturn a retirement investment rule
The House of Representatives on Thursday failed to override President Joe Biden’s veto of a measure to overturn a controversial investment rule in a victory for the White House. Biden issued the first veto of his presidency Monday on a resolution to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social and governance factors when picking investments.
Joe Manchin of West Virginia and Jon Tester of Montana voting with Republicans in the Senate. Biden argued the GOP-backed measure to overturn the rule would put retirement savings at risk. “This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like,” Biden tweeted as he announced the veto.
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