Image CreditVictoria Marshall
“President Biden is prioritizing politics over his own people,” House Speaker Kevin McCarthy said at a signing ceremony for a bill that would nullify a Department of Labor rule that allowed retirement plan investment managers to prioritize environmental or social factors (ESG) over financial benefits when making investment decisions should it pass into law.
Happening now: I’m about to sign the first bipartisan bill of the year, then send it to the president’s desk. It blocks Biden’s woke ESG agenda and puts workers over Wall Street. https://t.co/cXauyBoTrv
— Kevin McCarthy (@SpeakerMcCarthy) March 9, 2023
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The rule in question, established in December 2022, undid a prior Trump-era protection that required fiduciaries to
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