On Monday, Joe Biden vetoed legislation overturning a labor department rule Republicans have called ‘woke capitalism.’ According to Biden’s video release, Congress’s legislation would jeopardize Americans’ retirement savings. Biden said they failed to consider investments that would be impacted by climate and impacted by overpaying executives. Because of this, he decided to veto it.
DeSantis Proposes New Legislation That Will Make It Illegal For Banks to Use ESG Investment Choices
Ron DeSantis, Florida’s governor, has proposed new legislation that would make it illegal for banks to use environmental, social, and governance (ESG) principles in making investment choices.
The Republican House Majority Might Protect Industries From New Taxes and Regulations
According to one analyst, the stalemate in Washington is beneficial to American industry. Long ago, Republican victories at the polls translated into advantages for the corporate lobby in Washington. Despite the party’s growing populist tilt, this election is unlikely to be an exception.
Woke Investments At The Top Of Republicans’ To-Do List
Republican state officials — who have cut business ties with firms that they claim discriminate against fossil fuel companies as part of a “woke” agenda — will continue to discourage asset managers and banks from taking environmental, social, and governance factors into account when making financial decisions.