The Senate voted 50-46 to adopt a resolution to overturn a Labor Department rule making it easier for fund managers to consider environmental, social and corporate governance.
. The Senate voted 50-46 to adopt a resolution to overturn a Labor Department rule making it easier for fund managers to consider environmental, social and corporate governance, or ESG, issues for investments and shareholder rights decisions, such as through proxy voting.
The outcome highlighted Republicans’ willingness to oppose their traditional allies in Wall Street and corporate America that adopt what party lawmakers characterize asTwo Democratic senators, Joe Manchin and Jon Tester, voted with Republicans. Both face re-election in Republican-leaning states in 2024. The Republican-controlled House of Representatives passed the bill in February.
“I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden said.The Senate voted 50-46 to adopt a resolution to overturn a Labor Department rule making it easier for fund managers to consider environmental, social and corporate governance issues for investments. Above, a wind farm in Texas.
Senate Democratic leader Chuck Schumer accused Republicans of interfering with private investing decisions, saying on the Senate floor that they are “forcing their own views down the throats of every company and every investor.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Joe Biden Issues First Veto, Rejecting Attempt to Block ESG EffortPresident Biden issued the first veto of his presidency Monday, rejecting a Republican-led measure that would overturn a regulation allowing retirement-plan managers to consider climate change in their investment decisions
Weiterlesen »
Biden issues first veto on anti-ESG investing legislationJUST IN: Biden has issued the first veto of his presidency for a bill that would've repealed a Labor Dept. rule allowing retirement fund managers to consider ESG principles in their investment decisions.
Weiterlesen »
Biden issues first veto, defending Labor Dept. 'ESG' ruleWASHINGTON (AP) — President Joe Biden on Monday issued the first veto of his presidency as he sought to block Republican-led efforts in Congress to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions.
Weiterlesen »
Biden issues first veto of presidency over attempt to change ESG rulesPresident Joe Biden on Monday vetoed an attempt to change rules in retirement plans that dictate how much managers consider climate change, corporate board...
Weiterlesen »
Gov. Cox joins DeSantis, other governors to oppose Biden's support of ESGUtah Gov. Spencer Cox signed a joint letter with Florida Gov. Ron DeSantis and 17 other governors this week to push back against President Joe Biden's use of environmental, social and governance investing in federal retirement funds.
Weiterlesen »
Bidens to host cast of Emmy-winning show 'Ted Lasso' to promote mental healthPresident Joe Biden and first lady Jill Biden will host the cast of the TV series 'Ted Lasso' at the White House on Monday to promote mental health and well-being.
Weiterlesen »