Democrat Senator Joe Manchin has voted with Republicans to overturn Biden administration ESG rules for pension funds.
| A Republican bill to prevent super funds from basing investment decisions on climate change and social factors passed US Congress on Wednesday , setting up a confrontation with President Joe Biden.
The final vote was 50-46, and the bill passed the Republican-controlled House earlier this week. The White House has already said President Biden is likely to veto the measure, a move that will further rile Republicans.rule allows retirement plan managers to rule out investing in a company because it does not meet expectations on a particular social or environmental agenda, despite delivering the same level of financial return as one that does.
In his new book released on Tuesday Mr DeSantis calls for politicians to push back on “woke capital” and activist corporations promoting ESG.
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