Sen. Joe Manchin (D.-W.Va.) on Thursday delivered a sharp rebuke to a new Department of Labor (DOL) rule that he and GOP lawmakers believe encourages the investment of retirement money not according to traditional criteria of maximizing profits but instead in accordance with Environmental, Social, and Governance (ESG) standards.
Speaking on a segment of “America’s Newsroom” alongside Sen. Mike Braun (R-Ind.), Manchin railed against the Biden administration rule that went into effect this week. Braun is the author of a disapproval resolution filed in response to the rule and enjoying the support of every GOP member of the Senate along with Manchin.
