Republican drive against Biden ESG investment rule gains momentum

"I'm opposing this Biden Administration rule because I believe it undermines retirement accounts for working Montanans and is wrong for my state," Tester said in a statement.

The resolution would block the Labor Department from enforcing a rule that makes it easier for plan managers to consider environmental, social and corporate governance issues in their investment decisions and when exercising shareholder rights, such as through proxy voting. The political battle marks the latest clash in a Republican war against what they decry as "woke" business practices that is likely to intensify as the 2024 presidential campaign gets under way.

Senate Democratic leader Chuck Schumer accused Republicans of interfering with private investing decisions, saying on the Senate floor that they are "forcing their own views down the throats of every company and every investor."

You forgot to mention the democrats voted against it too. Must have been a good reason for it.

It’s all over but just had to

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McConnell lampoons Biden’s ‘radical’ 401(k) rule as GOP seeks to scuttle new ESG provisionSenate Minority Leader Mitch McConnell on Tuesday ripped into a new rule from the Biden administration that lets 401(k) fund managers consider climate change and social justice politics when investing clients' retirement savings. kerpen Rules that can be and will be changed when a sensible human, not a venal, mediocre fabulist is back in control. They 'can' consider ESG or they 'must' consider ESG? And what will the regulators do with this? kerpen They are intent on destroying our economy even after they’re gone
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