Anti-ESG bill passes Senate as Biden threatens first veto
The Democratic-led US Senate voted to block a Labor Department sustainable investing rule, marking a victory for Republicans in their crusade against “woke” capitalism and teeing up President Joe Biden’s first veto.
By Laura Litvan and Diego Areas Munhoz / Bloomberg
The heavily Republican vote was 50-46 to end the Biden administration rule, which would allow retirement plans to weigh climate change and other environmental, social and governance issues in their investment decisions.
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