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Biden issues first veto, knocks Marjorie Taylor Greene

Alex Brandon/AP Photo

President Joe Biden on Monday vetoed his first bill, blocking the repeal of a Labor Department rule that permitted retirement investing tied to environmental and social goals.

The veto was expected, after the Biden administration fought Republican-led efforts to pass the rollback three weeks ago. The House and Senate votes attracted support from three Democrats, including Sens. Jon Tester of Montana and Joe Manchin of West Virginia— moderates who are up for reelection next year.

"This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don't like," Biden said on Twitter Monday. "Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not."

While Republicans who led work on the repeal didn't get it signed into law, it marked a partial victory for conservatives who have targeted the rule and other policies that they say encourage major corporations to elevate climate and social goals in their business practices.