A Republican-led backlash, including laws to undermine sustainability efforts in 17 states, may be having some results.
The measure is part of a package that would both tax Chinese dividends at higher rates and require more disclosure for securities with exposure to China.
With Shell and Verizon both conducting large transfers in recent months, 2024 has already seen more than $10 billion.
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.