Tester to Join Manchin to Overturn Biden ESG Investment Rule, Ensuring Bill Goes to President’s Desk

Sen. Jon Tester (D-Mont.) announced on March 1 he will join Sen. Joe Manchin (D-W.Va.) in voting to overturn a Biden administration rule that permits money managers to consider environmental, social, and governance (ESG) in deciding where to invest retirement funds.
“At a time when working families are dealing with higher costs, from health care to housing, we need to be focused on ensuring Montanans’ retirement savings are on the strongest footing possible,” said Tester in a statement.
“I’m opposing this Biden administration rule because I believe it undermines retirement accounts for working Montanans and is wrong for my state.”…}