- 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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Manchin Blasts Biden For Veto Of ESG Bill
UNITED STATES - AUGUST 1: Sen. Joe Manchin, D-W. Va., speaks to the cameras about the reconciliation bill in the Hart Senate Office Building on Monday, August 1, 2022. (Bill Clark/CQ-Roll Call, Inc via Getty Images)