After Congress passed the resolution to reverse the D.C. soft-on-crime bill and the measure to repeal his administration’s Environmental, Social, and Governance (ESG) Rule, it is expected that President Joe Biden will veto the first bills of his term this week.
According to Breitbart News, Republicans, and moderate Dems. worked together to approve a bill that would repeal the Dept. of Labor’s “Prudence as well as Loyalty in Choosing Plan Investments and also Exercising Shareholder Rights” policy, which is also known as Biden’s ESG rule.
Senators Jon Tester (D-MT) and Joe Manchin (D-WV), two Senate Democrats, joined Republicans in voting for the resolution.
“On Tuesday, the House easily approved the resolution. As soon as the resolution reaches Biden’s desk, he will probably veto it. This will be Biden’s very first presidential veto.”
“ESG is the newest tool being used by Wall Street asset managers, the federal government, and activist investors to pressure private corporations into supporting leftist causes like racial justice, combating climate change, and diversity mandates. Just a few of the instances in which activist fund managers like Vanguard, BlackRock, and State Street pressure businesses to embrace unpopular viewpoints have been documented by Breitbart News.”
Similarly, moderate Democrats and Republicans worked together to repeal a recent soft-on-crime measure that was passed in the nation’s capital.
“While crime soared at the start of 2023, the District’s city council overrode the mayor’s veto to pass a criminal code that cut penalties for a number of significant criminal offenses,” according to Breitbart News. “The Metropolitan Police Department reports that killings have sharply increased (by 25%), along with vehicle thefts (by 111%), thefts from automobiles (21%), and thefts (16%).”
Congress has the power to override local D.C. law if it adopts a resolution of disapproval, but it hasn’t used this power in 30 years, illustrating the sharp division in crime problems.
Nevertheless, following Republicans’ victory in November to keep control of the U.S. House, President Joe Biden will veto the measure, a first for his presidency.
“President Biden will soon find himself in a position to issue his first veto, after moderate Dems. In the senate helped Republicans win a proposal that would overturn a social and environmental investing mandate,” said Politico.
Senator Jon Tester (D-MT), who will face a challenging reelection race in 2024, claimed that the ESG rule burdens working people excessively. In a statement, he stated:
“We must concentrate on making sure Montanans’ retirement funds are on the best possible footing at a time when working families are coping with rising costs, such as those for housing and health care. I disagree with this Biden Admin. regulation because I think it harms working Montanans’ retirement plans and is bad for my state.”
The Biden administration threatened to veto the ESG regulation this week, claiming that it would “unnecessarily limit the alternatives open to retirement plan members and investors.” The soft-on-crime bill’s repeal by Congress, it added, would harm D.C. citizens’ ability to exercise self-government.
“The 700,000 people who live in Washington, DC, have been refused full representation in the US Congress for far too long,” according to the government.