House Republicans failed in their effort to reverse President Joe Biden’s veto of legislation that would have blocked a US Labor Department Labor rule that permits socially conscious retirement investing.
The override attempt came up short with a 219-200 vote Thursday, with Rep. Jared Golden (Maine) being the sole Democratic defection. The vote didn’t reach the two-thirds majority threshold necessary to overturn a presidential veto.
On March 21 Biden rejected a bipartisan resolution that would have negated a DOL rule authorizing fiduciaries to consider environmental, social, and governance factors when investing for retirement accounts.
“Congress debated and ...
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