Manchin Blasts Biden For Veto Of ESG Bill
View Source | March 21, 2023 3:00 pm
- Sen. Joe Manchin (D-WV) rebuked President Joe Biden for his veto of a resolution that would have prevented fiduciaries from investing retirement funds in accordance with the environmental, social, and corporate governance movement, also known as ESG.
- The Labor Department recently issued a final rule that reversed a prohibition of retirement investments made with ESG criteria established under the Trump administration.
- Members of the House and Senate approved a resolution earlier this month nixing the final rule, and Biden issued the first veto of his tenure on Monday to block the resolution.
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