Lawmakers have said the Department of Labor rule 'politicizes' the retirement savings for millions of Americans and are voting to disapprove the rule and kill it.
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.
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.
"The rule reflects what successful marketplace investors already know – there is an extensive body of evidence that environmental, social, and governance factors can have material impacts on certain markets, industries, and companies," the White House argued while slamming the previous Trump administration for"chilling" ESG investments.The resolution of disapproval was proposed under the Congressional Review Act.
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