President Joe Biden has denounced three “anti-woke” costs that Republicans have introduced in Congress, claiming each is unwanted or would reduce required government service.
Biden made it known on Tuesday that he opposes the Protecting Americans ‘ Investments from Woke Policies Act, the End Woke Higher Education Act, and the Prioritizing Economic Growth Over Woke Policies Act.
Yet as progress on legislation slows down, GOP leaders have teed up a number of communications bills this week to stop the federal government from “waking up,” which may begin in two days.
A continuous resolution to finance the government until the end of March 2025 will be cast in the House on Wednesday. However, it’s not clear whether House Speaker Mike Johnson (R-LA ) has made any progress since , pulling his continuing resolution, which included the SAVE Act,  , from the floor last week.  ,
Biden warned that the End Woke Higher Education Act may “micromanage both public and private institutions, undermining their capacity to recognize and promote diversity.”
Colleges and universities may be required to “put in position First Amendment principles” in order to be eligible for federal funding under the act. Additionally, it forbids accreditors from requiring “partisan systems and intellectual ph tests” for schools in order to be accredited.
Some school groups appear less like America this year than they did in previous years, according to Biden’s speech, “because of Republican-backed work to limit the ability of colleges and universities to declare a diverse student body.” This legislation may “increase efforts to make universities inviting to all kids” in addition.
The Biden administration’s push for a controversial law is directly reflected in the Protecting Americans ‘ Investments from Woke Policies Act. The law allows but does not involve fiduciaries to measure economic, social, and governance elements when making investment decisions for U. S. pension accounts.
However, Biden claims that current law already mandates fiduciaries to act in the interests of prepare respondents, which is a significant flaw in the case of the president’s partners, who claim ESG considerations would harm returns.
According to Biden’s speech,” Artificially restricting fiduciaries ‘ ability to take into account materials information in making sound investments will minimize savings and pensions surveillance for Americans.”
The Prioritizing Economic Growth Over Woke Policies Act, the second act, aims to restrict the ways that national regulators can regulate the integration of ESG into the monetary system through rulemaking. Additionally, it would stop the Securities and Exchange Commission from requiring a publicly traded company to incorporate a shareholder request or even go over it in a proxy statement.
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Biden claimed that the bill do” significantly limit the ability of Federal financial authorities to shield consumers and investors” and may prevent some federal agencies from “working to control standards” that would improve the financial system.
None of the president’s statements include a veto threat. Because Democrats control the upper chamber of Congress, it is unlikely that the three bills will ever make it to his desk.
