"President Biden is jeopardizing retirement savings for millions of Americans for a political agenda," Senator Mike Braun of Indiana said this week.
That's why Braun, a Republican, is being joined by Democrat Joe Manchin of West Virginia and 48 other House Republicans to produce a resolution that would "eliminate President Joe Biden’s ESG investing rule, which may politicize 401(k)s."
"In a time when Americans’ 401(k)s have already taken such a hit due to market downturns and record high inflation, the last thing we should do is encourage fiduciaries to make decisions with a lower rate of return for purely ideological reasons," Braun continued. "That’s why we are proud to stand up against this rule for the millions of Americans who depend on these funds for their retirement."
Of course the federal government is trying to politicize retirement. That's exactly what they've been doing with things like social security and welfare ever since it was first misused.
Representative Andy Barr (R-KY) is the co-leader of the resolution and is promising Americans that the government needs to work for them, not the other way around, saying:
Retirement plans should be solely focused on delivering maximum returns, not advancing a political agenda.