House Speaker Kevin McCarthy (R-CA) held a bill signing ceremony Thursday during which he chided President Joe Biden for prioritizing “left-leaning wokism” ahead of the president’s expected veto of the bill, which would block a rule allowing investors to make environmental, social, and governance (ESG) considerations in retirement plans.
The ceremony gave McCarthy and several of the bill’s lead supporters in the House an opportunity to speak one last time on the measure before the White House shuts it down in what may become the president’s first veto of his tenure.
“What this [bill] will do is actually put people before politics, but unfortunately President Biden wants to put politics before your own savings,” McCarthy said. “He thinks left-leaning wokism is more important than you getting a return on your investment.”
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The resolution would scrap the Biden administration’s pro-ESG Department…
