BIDEN MAKES HIS FIRST VETO

Written by on March 5, 2023

BIDEN MAKES HIS FIRST VETO

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

BIDEN MAKES HIS FIRST VETO

The Senate voted to kill the Biden regime’s Department of Labor rule that pushes private retirement plans to consider ESG factors when making investments that affect more than 150 million Americans. But Biden has already promised to veto it.

What is ESG: It stands for Environmental Social Governance – essentially a social credit score for businesses that pushes left-wing social/environmental goals by issuing ratings for how “responsible” they are in the three categories above.

Biden’s ESG rule: Back in November 2022, the Biden Labor Department un-did Trump-era restrictions on ESG investing.

Trump and many Republicans oppose the push for ESG investing for two main reasons:

It prioritizes woke ESG targets over bringing in a maximum return for investors [if you have a 401k I’m talking about you].

It un-evens the playing field, making it harder for U.S. oil and natural gas companies to receive investments.

Senator Mike Brain got to the heart of the opposition, tweeting: “President Biden: keep your hands off our 401(k)s!”

The vote: The GOP-controlled House voted 216-204 to pass the rollback of Biden’s ESG rule. The Democrat-controlled Senate also voted (50-46) to roll back the rule, with Democrats Joe Manchin and John Tester joining Republicans.

Veto: The White House has already said Biden plans to veto the rollback. So it won’t go anywhere. But it’s good politics for us to force Biden to oppose the will of our elected Representatives.

[Source: WashEx, Fox News]

https://www.washingtonexaminer.com/policy/economy/senate-rejects-esg-rule-biden-first-veto

https://www.foxnews.com/politics/senate-kills-biden-esg-investment-rule-stunning-rebuke

 

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