Senate passes anti-ESG bill; Biden threatens first veto
The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure.
The Democratic-led Senate voted to block a Labor Department sustainable investing rule, marking a victory for Republicans in their crusade against “woke” capitalism and teeing up President Joe Biden’s first veto.
The heavily Republican vote was 50-46 to end the Biden administration rule, wh
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