House fails to overturn Biden's veto on ESG investment rule.

1 min read
Source: The Hill
House fails to overturn Biden's veto on ESG investment rule.
Photo: The Hill
TL;DR Summary

House Republicans failed to override President Biden's veto of a resolution targeting a Biden administration rule related to environmental, social, and governance (ESG) investing. The vote was 219-200, with one Democrat voting with every Republican in favor of overriding the veto. The Biden administration rule clarifies that money managers can weigh climate change and other environmental and social factors when they make investment decisions related to retirement accounts.

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