House GOP votes next week to kill Biden’s ‘woke’ ESG investing rule
Fox News
House Republicans next week will call up a bill to kill the Biden administration's ESG rule, which they say threatens the retirement saves of millions of Americans.
For decades, those standards have said investment decisions must be guided by the goal of maximizing the return on those investments. However, the rule from Biden’s Labor Department said investment plan fiduciaries can consider companies that prioritize climate change and other social issues as they invest. Pete Kasperowicz is a politics editor at Fox News Digital.
House Republicans will use the Congressional Review Act next week to try and stop Biden’s ESG rule. That law lets Congress reject any federal rule if the House and Senate can pass a resolution that says Congress disapproves of it.
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