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Senate Action Is Answered Prayer – Intercessors for America

This is great news! As Biden plans to veto the Senate’s decision, we should pray for supernatural intervention.

From The Epoch Times. The U.S. Senate has voted to block a Department of Labor (DOL) rule that allows retirement managers to consider environmental, social, and governance (ESG) factors when determining where to invest funds.

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The March 1 vote fell largely along party lines, with most Democrats voting against the joint resolution disapproving of the rule, and Republicans voting for it. However, Sens. Jon Tester (D-Mont.) and Joe Manchin (D-W.Va.) crossed party lines to sway the vote in Republicans’ favor, passing the resolution in a 50-46 vote.

The Wednesday vote follows the House’s passage of the resolution on Tuesday in a 216-204 vote.

In announcing the rule in November, the Department of Labor held that the Trump administration had “unnecessarily restrained” retirement plan managers’ ability to weigh ESG factors when making investments. …

Opponents of the rule, however, have argued that it allows for the liberal politicization of Americans’ retirement investments, regardless of their personal preferences. …

However, Democrats in favor of the ESG rule have argued that opposing it runs contrary to Republicans’ free-market capitalist principles. …

The bill will now head to President Joe Biden’s desk for signing, though the White House has said he would veto it.

Earlier on Wednesday, the White House denounced the Republicans’ attempt to overturn the ESG rule, branding it a “MAGA Republican” effort. …

If Biden vetoes the measure, Congress would need to approve the bill again with a two-thirds majority vote in both chambers.

How are you praying against ESG? Share this article to encourage others to pray.

(Excerpt from The Epoch Times. Photo Credit: Ian Hutchinson on Unsplash)

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