Biden’s First Veto Mandates Environment, Social and Governance (ESG) Investing Of Our Retirement Savings
Biden vetoed a bill that would have stopped your retirement savings being used to fund political woke activism. We are being forced to fund our own destruction.
By what right does the government command our retirement money to fund their lunacy?
Biden issues first veto of his presidency over influence from ‘MAGA Republicans’
President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing that the legislation was overly influenced by “MAGA Republicans.”
The Republican-led legislation prevented Biden’s administration from taking environmental, social and corporate governance (ESG) issues into account when making investment decisions. GOP lawmakers argue ESG is a measure of a corporation’s loyalty to “woke” cultural movements and should not be taken into account.
“I just vetoed my first bill. This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like. Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not,” Biden announced in a Monday tweet.
The bill specifically ended enforcement of a new Labor Department rule that urged private retirement plan fiduciaries to consider ESG in their investment decisions.
I just vetoed my first bill.
This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don't like.
Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not. pic.twitter.com/PxuoJBdEee
— President Biden (@POTUS) March 20, 2023
AUTHOR
Pamela Geller
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RELATED TWEETS:
In his first veto, Biden just sided with woke Wall Street over workers. Tells you exactly where his priorities lie.
Now—despite a bipartisan vote to block his ESG agenda—it’s clear Biden wants Wall Street to use your retirement savings to fund his far-left political causes.
— Kevin McCarthy (@SpeakerMcCarthy) March 20, 2023
Joe Biden decided to make the first veto of his presidency a bipartisan bill to prevent retirement plan advisers from investing your savings in ESG and then proceeded to send another $350 million to Ukraine.
This is an administration that serves Wall Street, BlackRock, and the…
— Michael Seifert (@realmichaelseif) March 20, 2023
EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.
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