Hopefully he will have his feet held to the fire and will not veto this. The OK for "fiduciaries to consider climate change and other environmental, social, and governance factors when they make investment decisions and when they exercise shareholder rights", should NOT be a factor in decision making.
Legislation (ergo, policy making) has to have the approval of Congress. Congress allows many policies/rules to be made by State Department agencies providing it follows a set of requirements. One of these is to open a public commentary to the proposed rule/policy. However, Congress has final say on any policy they deem important enough for them to take up. This is one of them. It was rejected.
This means the resident in office doesn't have any standing on the issue. A veto isn't possible for legislation rejected (vetoed) by Congress. Biden can't veto something already vetoed. The Executive branch does not make law or policy without the consent of Congress.
ABC News: Biden poised for 1st presidential veto in newly divided Congress
https://abcnews.go.com/amp/Politics/biden-poised-1st-presidential-veto-newly-divided-congress/story?id=97564310
Fox News: Senate kills Biden ESG investment rule in stunning rebuke
https://news.yahoo.com/senate-kills-biden-esg-investment-215425800.html
Hopefully he will have his feet held to the fire and will not veto this. The OK for "fiduciaries to consider climate change and other environmental, social, and governance factors when they make investment decisions and when they exercise shareholder rights", should NOT be a factor in decision making.
What happens next if he does veto it?
Declass COVID origins
Seems there's a memo in this situation somewhere like perhaps:
Biden: I will VETO this!
Congress: You can't VETO our VETO!!
Legislation (ergo, policy making) has to have the approval of Congress. Congress allows many policies/rules to be made by State Department agencies providing it follows a set of requirements. One of these is to open a public commentary to the proposed rule/policy. However, Congress has final say on any policy they deem important enough for them to take up. This is one of them. It was rejected.
This means the resident in office doesn't have any standing on the issue. A veto isn't possible for legislation rejected (vetoed) by Congress. Biden can't veto something already vetoed. The Executive branch does not make law or policy without the consent of Congress.
Hear! Hear!!
How can Biden veto something that doesn’t make it to his desk?
Exactly
Good point.
Yay. Anyone who has 401K should be thrill.
Wow, KJP's response...really the pot calling the kettle black.