Congress Passes Resolution To Stop Biden ESG Rule

 March 1, 2023

The commander in chief is going to have some veto work to get started on, because the Senate just "passed a resolution that would scrap President Joe Biden’s environmental, social, and governance (ESG) rule, sending it to President Joe Biden’s desk," according to Breitbart.

Representative Andy Barr, a Republican from Kentucky, and Senator Mike Braun, a Republican from Indiana, sponsored the Congressional Review Act (CRA) resolution.

The measure passed 50-46 after Senate Democrats Jon Tester of Montana and Joe Manchin of West Virginia voted with Republicans to pass the resolution.

The resolution, which passed through the House of Representatives earlier in the week, would scrap the Department of Labor's "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" rule.

Liberals have been weaponizing the so-called ESG regulations for quite some time, their latest tool of oppression against Republican voters.

Derek Kreifels, the CEO of the State Financial Officers Foundation, released a statement detailing what this means to America:

Today’s bipartisan vote makes clear what we have long said: ESG is an attempt to circumvent the democratic process to advance an inherently political agenda. Any move to supplant or dilute the fiduciary duty would undercut the foundations of our economic freedom and harm the American worker. I’m proud of the role that state financial officers like Riley Moore, Marlo Oaks, John Schroeder, Allison Ball, and many others have played in pushing back against the effort by the Biden Administration’s to codify ESG through executive rule making.