President Biden uses the first veto of his presidency to uphold a new rule that allows retirement plans to consider risk factors like climate change and poor corporate governance.
“I just signed this veto because legislation passed by Congress would put at risk retirement savings of individuals across the country,” Biden said in a statement. “They couldn’t take into consideration investments that would be impacted by climate, impacted by overpaying executives. And that’s why I decided to veto it, it makes sense to me.”
“The Republican-led bill would force retirement managers to ignore these relevant risk factors, disregarding the principles of free markets and jeopardizing the life savings of working families and retirees,” Biden said to Congress. “Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not,” Biden added on social media.The president frequently singles out Greene, the divisive, far-right Georgia Republican who interrupted Biden’s State of the Union address in Februaryafter he identified some Republicans who want changes to Medicare and Social Security.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Idaho hospital blames abortion politics for closing of labor and delivery departmentBonner General Health in Sandpoint, Idahox, announced that it was closing the hospital's labor and delivery department, blaming the political climate of the state.
Baca lebih lajut »
Biden issues first veto, defending Labor Dept. 'ESG' ruleWASHINGTON (AP) — President Joe Biden on Monday issued the first veto of his presidency as he sought to block Republican-led efforts in Congress to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions.
Baca lebih lajut »
Bidens to host cast of Emmy-winning show 'Ted Lasso' to promote mental healthPresident Joe Biden and first lady Jill Biden will host the cast of the TV series 'Ted Lasso' at the White House on Monday to promote mental health and well-being.
Baca lebih lajut »
State Department issues warning about counterfeit pills sold in Mexican pharmaciesThe U.S. Department of State issued a warning after reporting showed that counterfeit pharmaceuticals containing illicit drugs were being sold in pharmacies in Mexico.
Baca lebih lajut »
Justice Department asks Supreme Court to uphold domestic violence gun lawThe Justice Department asks the Supreme Court to allow a federal law stand that makes it a crime for people under domestic violence restraining orders to own firearms.
Baca lebih lajut »
Idaho hospital to stop labor and delivery services citing 'political climate' and doctor shortagesNationwide, hospitals have been sounding the alarm that states with strict abortion laws risk losing staff or doctors to other regions.
Baca lebih lajut »