Days like today are why the labor movement fought so hard to elect President Biden. No modern American president has done more to advance the causes of working people, which was made even more evident today by the use of Biden’s veto power to stop Congress’ attempt to roll back a DOL rule concerning environmental, social and governance (ESG). This rule allows private sector retirement investors to consider critical factors when making investment and proxy voting decisions. 

The choices made by workers’ pension funds are critical to the retirement security of millions of working families. So instead of putting the retirement security of working people first, some members of Congress chose to prioritize political posturing and culture wars over people’s pocketbooks. 

While some politicians want to claim that ESG standards are a way for investors to force a ‘woke’ agenda on Americans’ retirement investment strategies, their politicized strategy is entirely false, ill-informed and just plain wrong. By using reality-based considerations when investing our hard-earned dollars, investors using an ESG lens are doing something their critics refuse to do; deal in reality, not rhetoric.    

In his first veto since becoming president, Biden made the right call. He sent a strong and emphatic message to legislators that ESG factors should be left to the professionals, not the politicians. 

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OPEIU joins Sen. Bernie Sanders (Vt.) and Reps. Bobby Scott (Va.) and Brian Fitzpatrick (Pa.) in their call to pass the Protecting the Right to Organize (PRO) Act. Will you protect working people and support the PRO Act?

Add Your Name: https://actionnetwork.org/forms/trumka-pro-act

Working people are sick of corporations raking in record profits while we can barely support our families.

That’s why we’re organizing like never before.

Work stoppages were up 52 percent in 2022, and the number of workers involved in stoppages increased 60 percent.

If we want to build up worker power, our outdated labor laws must keep up with the times.

This is why now is the time to pass the PRO Act, just reintroduced in the Senate as the Richard L. Trumka PRO Act.

If you think we need to protect working people, take 30 seconds to add your name in support of the PRO Act.

In solidarity,