President Biden's first veto of a bipartisan bill striking down his Labor Department's new ESG rule drew sharp rebukes from Republicans in Congress.
first veto that stopped a bipartisan bill removing a new Labor Department rule encouraging retirement fiduciaries to consider environmental, social and corporate governance issues in their investments.striking down the administration’s new rule promoting the woke ESG ideology, with the president saying his decision was due to heavy"MAGA Republican" influence in the bill.
"President Biden’s first veto is on a bipartisan, bicameral measure that I championed through Congress to protect retail investors," Barr told Fox News Digital."Instead of siding with Americans—who are increasingly unable to afford retirement—Biden’s veto puts the climate activists and special interest groups he is beholden to ahead of middle-class American investors."
"Today President Biden used his first veto to reject bipartisan consensus in the House and Senate that Americans’ retirement savings should be invested to get the best return, not to support woke nonsense," Braun said.Senator Mike Braun, R-Ind., also slammed the president’s veto, wishing Biden luck on"explaining this one" to the American people.
GOP Oklahoma Senator Markwayne Mullin joined his Indiana colleague in blasting the president’s move, saying"Biden administration’s reckless ESG rule proves nothing is off limits when it comes to Joe Biden’s radical green agenda – even Americans’ hard-earned retirement savings." Texas Republican Rep. Jodey Arrington ripped into the veto, saying that people"who invest our hard-earned money should be focused on financial value, not virtue signaling."
Rep. Austin Scott, R-Ga., blasted Biden’s veto, telling Fox News Digital that"Biden’s woke ESG agenda is unfair to Americans and does nothing but drive American industry to other countries." Rep. Jeff Van Drew, R-N.J., a former Democrat who became a Republican, demolished Biden’s touting of a"bipartisan" presidential image while he vetoes bipartisan legislation.
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