Manchin rips Biden administration's 'radical policy agenda' after 'absolutely infuriating' ESG veto

Sen Joe Manchin said the Biden administration's push for environmental, social and governance factors in retirement investing is part of a 'radical policy agenda' that harms West Virginians

Chris Pandolfo / FOXBusiness

 

Senator Joe Manchin, D-W.Va., put the Biden administration on blast Monday after President Biden carried through with his promise to veto bipartisan legislation that would have killed a regulation that encourages private retirement plan fiduciaries to consider environment, social and governance (ESG) factors when making investment decisions for over 150 million Americans. 

Manchin, who was one of two Senate Democrats to vote with Republicans to nullify the proposed Department of Labor (DOL) rule, issued a heated statement Monday condemning the Biden administration for, in his view, prioritizing politics over securing the best financial returns for Americans. The other was Sen. Jon Tester, D-Mont. 

"This Administration continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating," Manchin said. Read more and see video here