US: Joe Biden uses veto for first time

3 months ago

US: Joe Biden uses veto for first time

US President Joe Biden used his veto power for the first time on Monday.

The move overrides an investment bill proposed by Republicans. The bill would have prevented investment fund managers from taking factors like such as climate change, social impacts or pending lawsuits into account, known as ESG investing.

Biden tweeted that the bill would threaten "retirement savings by making it illegal to consider risk factors MAGA House Republicans don't like."

"Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not," Biden said, referring to a Republican lawmaker that championed the bill.

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