Biden issued his first veto after Congress voted to block the environmental, social & governance, or ESG, rule, which makes it easier for retirement plans to take into account climate change and other social factors. Republicans dubbed it a 'woke policy.'
House Speaker Kevin McCarthy speaks during a bill signing at the U.S. Capitol on Thursday. The resolution passed by the House and Senate aims to block a Biden administration rule encouraging retirement managers to consider environmental, social and corporate governance factors when making investment decisions.
Senate Republicans, along with two Democrats, voted on the measure early this month and it passed with a simple majority. Sens. Jon Tester, D-Mont., and Joe Manchin, D-W.Va., joined with Republicans.Biden: 'It's common sense'
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Republicans fail to override Biden's 1st presidential vetoThe GOP-led House will attempt to override Pres. Biden's veto of a resolution that would have prevented retirement fund managers from accounting for certain social factors when making investment decisions.
Read more »
Republicans Fail To Override Biden’s First VetoPresident Biden rejected a Republican-backed bill earlier this week that would have prohibited retirement fund managers from incorporating so-called woke factors into investment decisions.
Read more »
House Republicans want to pause offshore wind projectsHouse GOP lawmakers from the Northeast are calling for a federal moratorium on offshore wind projects until the full environmental and economic impacts of the ventures are understood.
Read more »
WSJ News Exclusive | House Republicans Subpoena Labor Authorities in Starbucks Union DisputeA congressional committee issued a subpoena to the National Labor Relations Board, alleging that employees of the labor body mishandled union elections at Starbucks cafes in ways that favored unionizing workers
Read more »
Republicans press Biden admin on its false oil, gas permitting claimsA coalition of GOP lawmakers is demanding answers from a top Biden official after the administration quietly admitted its oft-used fossil fuel permitting figure was inaccurate.
Read more »
Siding with Starbucks, House Republicans probe federal labor agencyA congressional committee has issued a subpoena for documents to the National Labor Relations Board, alleging its officials engaged in misconduct in union elections.
Read more »