Senator Joe Manchin (D-W.Va.) sharply criticized the Biden administration on Monday after President Joe Biden vetoed bipartisan legislation aimed at blocking a regulation that would push private retirement plan fiduciaries to consider environment, social, and governance (ESG) factors in investment decisions for tens of millions of savers.
Manchin, one of two Senate Democrats who voted with Republicans to nullify the proposed Department of Labor (DOL) rule on ESG, argued that the Biden administration was putting a radically progressive agenda ahead of the financial well-being of 150 million Americans while undermining national security.
“This administration continues to prioritize their radical policy agenda over the economic, energy, and national security needs of our country, and it is absolutely infuriating,” Manchin said in a statement….