House approves measure targeting Biden rule allowing money managers to consider ESG in retirement in

[Yo_Mama_Been_Loggin]

Source: The Hill

investing

The House on Tuesday approved a resolution that would repeal a Biden administration rule for retirement investments, marking the latest flashpoint in Republicans’ crusade against environmental, social and governance (ESG) investing.

The Congressional Review Act (CRA) resolution was approved 216-204, with Rep. Jared Golden (Maine) as the only Democrat voting with Republicans in favor of the measure.

But while a Democratically controlled Senate and White House mean that the measure is unlikely to amount to more than messaging, it is part of a broader Republican effort to oppose ESG investing.

Rep. Michael Burgess (R-Texas) in a floor speech on Tuesday characterized the regulation as being part of a “woke ESG agenda.”



Read more: https://www.msn.com/en-us/news/politics/house-approves-measure-targeting-biden-rule-allowing-money-managers-to-consider-esg-in-retirement-investing/ar-AA183Rd8

---

Because a clean environment is woke. Someone should leave a pile of shit on the desk of Rep. Burgess.

[BlueVoter24]

1. Not surprising

It's what they do.

[TeamProg]

3. Welcome to D.U. !

[BlueVoter24]

4. Thanks!

I'm not really new to DU, I just changed my user name to match the u/n's on my other social media accounts. I like consistency.

[TeamProg]

2. Because "environmental, social and governance" are all dirty words in their fossil-fueled brains.

Even Vanguard Fund capitalists offer ESG funds!

(Don't ALERT because I AM NOT PROMOTING a corporation, alright??!!)

"" ESG investing, which typically assesses the factors listed below, offers a way for you to invest in funds that consider environmental, social, and governance issues. You may hear the term used interchangeably with "socially responsible investing (SRI)" and "sustainable investing.""

[BOSSHOG]

5. Would such a repeal action be an example

Of the conservative view of how the economy works.

“It doesn’t matter if such investments help retirees, such investments don’t help the billionaires who own us.” Damn, can’t get more patriotic then that.

[BOSSHOG]

6. Gosh. I can have a woke agenda or a conservative agenda.

Gosh, let me think about it.

Let me be lazy and brisk with my reply. Burgess is eat up with the dumbass but by god he ain’t woke.

[Cha]

7. Not a hill of beans.. Thankfully!

Fucking Dead End Assholes.

[MichMan]

8. I prefer my financial advisor acts in a fiduciary role with my investments

I need to ensure that our retirement funds last both me and my wife's lifetime. If those also happen to be ESG related, than so be it.

[Phoenix61]

9. They are all about the free market until they're not. nt

[Mr.Bill]

10. I must say the republican House has surpassed my wildest expectations.

So far they are batting 1000 on trying to pass legislation that will never become law and making absolute fools out of themselves at every committee meeting. Keep up the good work, pubs!

[SouthernDem4ever]

12. Can Repugs get any more repugnant?

Apparently, yes.