Great news! President Biden just protected socially responsible investing and vetoed a resolution that would have repealed a Department of Labor (DOL) rule allowing 401(k) plans to select funds based on a full range of financial, environmental, social, and corporate governance performance. 

This is the first veto of Biden’s administration, and it is important.

Thanks to all of you who took action, signed our petition, and called your House and Senate representatives.

Thank President Biden for vetoing this attack on responsible investing and preserving your right to consider environmental, social, and corporate governance in your retirement plan.  

1. Call, write, or email the White House: https://www.whitehouse.gov/get-involved/write-or-call/ 

2. Fill out the White House online comment form: https://www.whitehouse.gov/contact/  

Here’s what you can tell President Biden – and feel free to personalize with your own thoughts: 

Dear President Biden: 

Thank you for vetoing House Joint Resolution 30, which would have repealed the Department of Labor’s Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights rule.  

I am concerned about politicians trying to score political points by attacking socially responsible investing. I believe that retirement plans should be able to consider how the climate crisis and other risks, like unethical business practices, could hurt the value of retirement investments in the future. 

Thank you for protecting peoples’ retirement savings and opposing this attempt to overturn the Department of Labor rule on responsible investing, which I support. 

Republicans across the country have been trying to turn socially responsible investing – which has been around for decades with a solid track record of performance – into a political football.

Previously, thousands of Green Americans signed a petition asking the DOL to issue the rule, and when they did, Republicans in Congress tried to repeal it.  

And just recently, Congress actually passed the resolution to repeal it – just barely. In the House it passed 216-204, with one Democrat (Jared Golden of Maine) voting in favor. In the Senate it passed 50-46, with two Democrats (Jon Tester of Montana and Joe Manchin of West Virginia, a co-sponsor) voting in favor, and three Democrats absent. House Speaker Kevin McCarthy signed the resolution and sent it to President Joe Biden on March 9. 

This veto from Biden to protect socially responsible options in retirement funds is crucial. So we want to show him our appreciation for standing up against these attacks and commonsense investing.

Thank you for all your actions to protect socially responsible investing! 

For a green economy, 

P.S. Your support means we can do even more to reverse climate change and protect the future for people and the planet. Please contribute today.