A he promised, President Biden has issued the first veto of his Presidency, overruling Congress’ attempt to block the DOL/EBSA ESG rule.
President Joe Biden on Monday vetoed his first bill, blocking the repeal of a Labor Department rule that permitted retirement investing tied to environmental and social goals.
The veto was expected, after the Biden administration fought Republican-led efforts to pass the rollback three weeks ago. The House and Senate votes attracted support from three Democrats, including Sens. Jon Tester of Montana and Joe Manchin of West Virginia— moderates who are up for reelection next year.
“This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like,” Biden said on Twitter Monday. “Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not.”Biden issues first veto, knocks Marjorie Taylor Greene – POLITICO