House GOP fails to override Biden veto of ESG investing ban

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House GOP fails to override Biden veto of ESG investing ban
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The US House failed to override President Joe Biden's first veto — of a Republican-led bill that would have banned the consideration of environmental, social or governance issues in retirement and other investment decisions.

override President Joe Biden's first veto

Republicans failed to mount the necessary two-thirds votes needed in the House to override the president's veto of the "ESG" investment bill. The override failed on a 219-200 vote mostly along party lines as most Democrats opposed. House Republicans had succeeded in passing the legislation through Congress last month, part of their agenda to undo so-called "woke" government policies that strive to bring new ways of thinking about social and environmental issues with equity and accountability.

Including such factors in financial planning has gained in popularity as Americans seek different options for where they park their retirement savings and other investments.

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