House GOP fails to overturn Biden's veto on ESG investing ban.
House Republicans failed to override President Biden's veto of a bill that would have banned the consideration of environmental, social, or governance issues in retirement and other investment decisions. The legislation was a pushback against the idea of "ESG" investing, which takes into account a company's environmental, social, and governance record, including on issues like climate change. The U.S. Department of Labor had issued a rule last December saying investment plan fiduciaries may consider climate change and other environmental, social, and governance factors in making investment decisions.
