The Senate passed a measure Wednesday to block retirement account managers from considering environmental, social and corporate governance principles when evaluating 401(k)s.

The U.S. Senate on Wednesday passed a measure to block retirement account managers from considering environmental, social, and corporate governance principles (ESG) when evaluating investments in retirement plans.

The joint resolution measure, approved in a 50-46 vote, aims to overturn a Labor Department rule that currently allows fiduciaries to consider those factors. But it's set to be blocked when it arrives at the White House in what would be President Biden’s first veto since taking office.

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  • plinky [he/him]
    ·
    2 years ago

    Ooh not only manchin, but now jon tester (where do they find those names) added to rotation

    • GarfieldYaoi [he/him]
      ·
      2 years ago

      Honestly can't blame the guy, if I was forced to be the subject of horrifying genetic experiments by my older sisters, I'd hate the world too and want to cause as much suffering as possible.