House fails to override Biden veto of resolution to overturn investment rule
Source: CNN Politics
CNN — The House of Representatives on Thursday failed to override President Joe Biden’s veto of a measure to overturn a controversial investment rule in a victory for the White House.
Biden issued the first veto of his presidency Monday on a resolution to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social and governance factors when picking investments.
A two-thirds majority vote would have been needed in both chambers of Congress to override the veto – a high threshold to meet. The final vote on the effort to override the veto was 219 to 200. Republican lawmakers led the effort to overturn the investment rule, arguing it pushes a liberal agenda on Americans and will hurt retirees’ bottom lines. Democrats argue it’s not about political ideology, it’s not a mandate and it will help investors.
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. Biden argued the GOP-backed measure to overturn the rule would put retirement savings at risk.
Read more: https://edition.cnn.com/2023/03/23/politics/veto-override-vote-house/index.html
For the House (assuming all 435 were there), they would have needed 291 votes. During its original passage of this in the House, the tally was 216 - 204 so there was no chance.
It's done.
Article updated.
Original article -
Biden issued the first veto of his presidency Monday on a resolution to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social and governance factors when picking investments.
A two-thirds majority vote would have been needed in both chambers of Congress to override the veto – a high threshold to meet. Republican lawmakers led the effort to overturn the investment rule, arguing it pushes a liberal agenda on Americans and will hurt retirees’ bottom lines. Democrats argue it’s not about political ideology, it’s not a mandate and it will help investors.
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. Biden argued the GOP-backed measure to overturn the rule would put retirement savings at risk.
= new reply since forum marked as read
Shut the barn door 
