House fails to override Biden's veto of investment rule resolution.

The Republican-led House failed to override President Biden's first veto, falling short of the two-thirds majority needed to revive the resolution targeting an administration rule related to ESG investing, which takes environmental and social factors into account. The Biden administration rule targeted by Republicans clarifies that money managers can weigh climate change and other ESG factors when they make investment decisions related to retirement accounts. The pushback against the Biden administration rule is part of a larger Republican effort opposed to ESG investing, which some legislators have decried as "woke."