.Sen_JoeManchin attacked the Biden administration for their proposed rule today, calling it a 'liberal policy agenda.' The rule would allow retirement plan managers to consider environmental and social issues when making investment decisions.
rule in question allows asset managers to consider factors besides getting the highest rate of return on investments managing retirement funds, opening the door for companies to prioritize personal political preferences over earning money for their clients.
Opponents of the rule have said that the plan penalizes fossil fuel companies and allows for ideologically fueled investments, leaving people unaware of what they have investments in. The West Virginia Democrat pointed to countries that prioritize"environmental, social and corporate governance" having difficulty securing energy, including the United Kingdom, which has"thrown all environmental concerns out of the window to survive, they'll burn anything they can get their hands on to keep from freezing, to try and keep their economy going.
The bill to kill Biden's rule, which has support from every Republican and some centrist Democrats such as Manchin and Sen. , looks likely to pass, but the White House has said it would veto the bill. The House recently passed a bill that would strip the rule, with all Republicans and one Democrat voting in favor.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Joe Manchin backs effort to rescind D.C. crime overhaulSen. Joe Manchin III says he wants to rescind a D.C. crime overhaul that would weaken penalties for some offenses, raising the likelihood that a disapproval resolution will get through Congress and reach President Biden.
Read more »
Ohio Democrat Sen. Brown Excuses Joe Biden's Absence in East PalestineSen. Sherrod Brown (D-OH), up for reelection in 2024 and likely to face a tough opponent, excused President Joe Biden’s absence when asked about Biden visiting East Palestine, where a train carrying chemicals derailed.
Read more »
Voice Deepfakes Of Everyone From Joe Rogan To Joe Biden Are Taking Over Social MediaThe clips are hilarious, though the implications of the tech “are pretty scary,” one creator said.
Read more »
Sen. Bob Casey returns to work as Sen. John Fetterman continues treatmentCasey, who was recovering from surgery to treat prostate cancer, returned to the Senate Monday.
Read more »
Manchin and Tester side with GOP in ESG vote, set to force first veto from Biden.Sen_JoeManchin and SenatorTester may push Biden’s first use of executive veto power. The Senate is poised to vote in favor of canceling a Labor Department rule, which lets retirement plan managers weigh environmental & social issues in decisions.
Read more »
Sen. Ted Cruz calls Biden FAA nominee unqualified, says White House 'playing politics' with safetySen. Ted Cruz on Wednesday said President Joe Biden's nominee to lead the Federal Aviation Administration, Phil Washington, is not qualified for the job.
Read more »