Republicans in Congress have teed up the first veto of the Biden presidency.
designed to ensure that fund managers remain capable of considering environmental, social, and governance factors when making investments.of the bill was not to change the law — a veto was always certain — but rather to create a 2024 campaign issue.the Department of Labor rule as creating "regulations to invest retirement money in far-left liberal causes.
There is always a fiduciary reason for ESG investments, but a Trump-era rule tried to discourage such strategies anyway. Even the U.S. Chamber of Commerce and the American Petroleum Institute wereThe Department of Labor rule the current bill tries to overturn was written to make it clear that investors don't need to fear the potential ire of regulatory agencies when they adopt ESG investment frameworks.
Americans really don't care about the exact wording of Title I of the Employee Retirement Income Security Act of 1974, as amended — the narrow concern of this bill. Nevertheless, Republicans have found a way to weaponize it. That means the issue isn't going away any time soon.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US labor market stays resilient; Q4 labor costs revised higherThe number of Americans filing new claims for unemployment benefits fell again last week, pointing to sustained labor market strength and adding to financial market fears that the Federal Reserve could keep hiking interest rates for longer.
Read more »
S&P 500, Nasdaq fall as yields rally on hot labor market dataThe 10-year Treasury yield surged above 4% following hotter-than-expected labor market data, while Tesla sank.
Read more »
Reflections, and regrets, 20 years after I opened the Department of Homeland Security.GovRidge, a twice-elected Republican governor of Pennsylvania, was the first secretary of Homeland Security 20 years after opening the department, he shares his reflections and regrets.
Read more »
Joe Biden Picks Migrant Rights Advocate Julie Su for Labor Sec.President Joe Biden nominated migrant rights advocate Julie Su on Wednesday for the top job at the nation's Department of Labor.
Read more »
Starbucks violated labor laws with 'egregious' misconduct during unionization efforts, judge rulesAn NLRB Administrative Law Judge determined that Starbucks illegally disciplined, threatened and fired employees 'in response to union activity.” Judge rules that Starbucks violated labor laws with 'egregious' misconduct during unionization efforts:
Read more »