|
House to Vote on Resolution to Scrap Biden ESG Rule
[Breitbart] The House will take up legislation this week that would scrap President Joe Biden’s environmental, social, and governance (ESG) rule.The House will vote on a resolution, sponsored by Rep. Andy Barr (R-KY) and Sen. Mike Braun (R-IN), that would nullify the Department of Commerce’s rulemaking allowing fiduciaries to take environmental, social, and governance (ESG) factors into consideration when choosing retirement investments. Congressional Review Act (CRA) resolutions allow for Congress to nullify federal government regulations within 60 legislation days of their rulemaking. CRA resolutions also only require a simple majority, or 51 votes to pass through the Senate. The resolution has the support of 49 Senate Republicans and Sen. Joe Manchin (D-WV), meaning the bill only needs one more Senate Democrat to back the bill to have it be sent to Biden’s desk should the House pass the bill. Related: Environmental, social, and governance: 2023-01-25 Sen. Katie Britt Exposes ESG Agenda of Biden Pentagon Pick with First Vote in Senate to Oppose Brendan Owens Environmental, social, and governance: 2022-10-20 19-State Coalition Launching an Investigation into Six Major Banks Over Ties to UN Net-Zero Banking Alliance Environmental, social, and governance: 2022-10-20 Texas AG Ken Paxton Targets Biggest Banks for Plans to ‘Starve' Fossil Fuel Companies of Credit Posted by: Skidmark 2023-02-28 |
| http://www.rantburg.com/poparticle.php?ID=659905 |