On Wednesday, the Senate voted 50-46 to block a Biden administration rule that allows retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors in investment decisions.
The House voted 216-204 Tuesday to block the rule. In both chambers, Republicans were able to peel off members of the Democratic caucus. Jon Tester and Joe Manchin joined Republicans in the Senate, and Maine representative Jared Golden did the same in the House.https://www.nationalreview.com/news/house-votes-to-block-biden-rule-allowing-retirement-fund-managers-to-prioritize-social-causes/
The Congressional Review Act is an oversight mechanism Congress can use, overturning final rules issued by federal agencies.
The bill now moves to the president’s desk. Biden has vowed to veto it...MORE
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