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which overturned retirement investment rules allowing fund managers to take climate change into account when selecting investments.
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As Republicans pushed for Congress' passage of the resolution, they argued it was "woke" policy that pushed a liberal agenda on Americans and would harm retirees, while Democrats argued it was not about ideology and would enhance investors' returns.
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The resolution, which would rescind a Department of Labor rule, passed both chambers of Congress with Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana voting with Republicans in the Senate.
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"I just signed this veto because legislation passed by the Congress would put at risk the retirement savings of individuals across the country.
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They couldn't take into consideration investments that wouldn't be impacted by climate, impacted by overpaying executives, and that's why I decided to veto it -- it makes sense to veto it," Biden said in a video on social media Monday afternoon.
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