The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.

The 100 largest public plans saw an aggregate investment loss of 1% during the month.

The legislation would also cut spending by the SEC and the IRS, targeting the agencies’ enforcement budgets.

An interim report published by Republicans on the House Financial Services Committee argues that ESG lowers returns and that the proxy voting industry is unacceptably opaque.