Denouncing Biden’s Veto of Bipartisan Legislation to Protect Retirement Funds

President Biden had a choice: cave to billionaire elites or support hard working taxpayers who just want to have the best retirement possible after decades of working and paying into the system.

Under the Biden Administration, the Department of Labor released a final rule encouraging financial managers to factor environmental, social, and governance (ESG) into investment decisions and even automatically enroll savers into ESG investments, affecting the retirement funds of more than 152 million Americans.

Financial managers should be focused on prioritizing maximum returns and retirement security for the American workers who depend on their 401(k)s for their retirement, not advancing Democrats’ woke ESG agenda with their money.

H.J. Res. 30, introduced by Rep. Andy Barr, blocks the Department of Labor’s rule green-lighting ESG investing in retirement plans by utilizing the Congressional Review Act’s expedited procedures to allow Congress to consider whether to block newly enacted federal rules.