- Senate Majority Leader Chuck Schumer (D-NY) accepted more donations in the last election cycle from BlackRock and individuals affiliated with the firm than any other member of Congress.
The connection between the lawmaker and the asset management company was noted by the American Accountability Foundation, a non-profit government oversight and research organization, after Schumer rebuked efforts to scrap a Labor Department rule that would allow retirement fiduciaries to allocate funds in accordance with the environmental, social, and corporate governance movement, also known as ESG.
- Both the House and Senate passed a resolution opposed to the rule, which President Joe Biden is expected to veto.
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Schumer Accepts More BlackRock Money Than Any Member Of Congress
WASHINGTON, DC - SEPTEMBER 13: U.S. Speaker of the House Nancy Pelosi (D-CA) and Senate Majority Leader Chuck Schumer (D-NY) arrive to an event celebrating the passage of the Inflation Reduction Act on the South Lawn of the White House on September 13, 2022 in Washington, DC. H.R. 5376, the Inflation Reduction Act of 2022 was passed by the House and Senate and later signed by Biden in August. (Photo by Anna Moneymaker/Getty Images)
