Proposed legislation would eliminate ESG in TSP pensions

Congressman Chip Roy (R-Texas) on May 23 reintroduced legislation calling for the elimination of the use of ESG in the Thrift Savings Plan (TSP), the pension plan for federal employees and members of the military. The private managers of the TSP are BlackRock and State Street, two of the largest passive asset managers and among the biggest advocates of ESG.

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