Biden Plans To Use His First Veto Power To Stick It To Americans

President Biden may be close to issuing the first veto of his presidency as Congress is expected to pass a resolution disapproving of a Department of Labor (DOL) rule allowing retirement plan managers to factor environment, social and governance (ESG) into their investment decisions.

Lawmakers have criticized the DOL rule, saying it “politicizes” and “jeopardizes” the retirement savings of more than 152 million Americans. Last month, Sen. Mike Braun, R‑Ind., and Rep. Andy Barr, R‑Ky., introduced the bipartisan disapproval resolution, which has the backing of all GOP senators, Democratic Sen. Joe Manchin of West Virginia and more than 100 organizations.

Passage will only require a simple majority Senate vote to pass and be sent to Biden’s desk. If Sen. John Fetterman, D‑Pa., is still out of the office due to being treated for clinical depression, that would let supporters pass it by at least a 50–49 vote, or a larger margin if other Democrats support it.

A GOP aide told Fox News Digital the bill will be able to pass the House and is confident there are enough votes to pass it in the Senate, even if Fetterman votes against it.

After a month of President Biden accusing Republicans of partisanship and trying to hurt Americans’ retirements, the next thing that comes to his desk is a bipartisan rebuke of his policy that’s hurting Americans’ retirement savings to fund his political agenda,” said the aide…CONTINUE READING»>