Press Releases

LCV Statement on President Biden’s First Veto Rejecting CRA Resolution Threatening Retirement Savings

Mar 20, 2023

Washington, D.C. – In response to President Biden issuing the first veto of his administration to reject the Congressional Review Act resolution that would put retirement savings at greater risk, the League of Conservation Voters (LCV) issued the following statement from Government Affairs Advocate David Shadburn:

“President Biden deserves immense credit for using his first veto to stand up for investor freedom and respond to retirees’ demands that climate risks be treated just the same as all other financial risks in their pensions. It is abhorrent that Republicans are using their narrow majority in the House to fight the popular, affordable clean energy transition that’s already creating good paying jobs and lowering energy bills across the country. This harmful resolution would have forced investors to disregard climate risks and tie retirees to the same financially damaging investments that are already increasing costs for extreme, MAGA Republican-led states.” 

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