The measure, which only required a simple majority to pass, passed the threshold in a 50-46 vote.
The House of Representatives passed it Tuesday in a 216-204 vote, with only one Democrat voting for the bill.
“President Biden wants to sacrifice seniors’ retirement savings to fund his political agenda,” Sen. Mike Braun of Indiana, who led the bill, told Fox News Digital Tuesday.
“Both the Senate and the House have now sent powerful, bipartisan rebukes of the Biden ESG agenda.
I’m proud to stand up for Americans’ retirement savings to stop this harmful rule.”
Now that both the House and Senate have passed the legislation, it will head to Biden’s desk. The White House warned Monday that Biden ‘will veto’ the bill if it is sent to his desk.
“The President will continue to deliver for America’s workers.
If the President were presented with H.J. Res. 30, he would veto it,” said the White House in a Statement of Administration Policy defending the use of ESG factors in fiduciary decisions.
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