Rep. Chip Roy (R-Texas) on May 23 introduced a bill designed to bar the federal government from investing in retirement funds that use Environmental, Social, and Governance (ESG) criteria.
Specifically, Roy’s bill would prohibit the Thrift Savings Plan (TSP), a federal retirement plan, from offering retirement packages that rely on ESG criteria.
ESG describes a largely financial movement whereby corporations and financiers agree to use their wealth and influence to achieve a left-wing set of policy objectives. These include reducing the use of fossil fuels, restricting gun rights, and other controversial left-wing positions. Some of its largest proponents include BlackRock, Vanguard, and State Street, some of the wealthiest firms in the world….