GOP Senators Lash Out at BlackRock, State Street for ‘Left-Leaning’ ESG ‘Pressure’
Pat Toomey and Ron Johnson say firms’ CEOs are putting personal views above their fiduciary duty.
Tag: Federal Retirement Thrift Investment Board
Risk
GAO Says US Gov’t Retirement Plan Vulnerable to Climate Risk
Its report recommends the Thrift Savings Plan be evaluated for its exposure to climate change risks.
Regulation
Senators Rebuke Federal Pension’s Criticisms of China Investment Ban
Sponsors of the bill says the pension board must either be ‘unaware’ or ‘purposefully misleading.’
News
Federal Pension Balks at Bill Banning China Investments
Plan administrator says proposal discriminates against 5.8 million federal workers.
Regulation
Congress Eyes Barring Federal Pension Investments in China
An independent government body had been preparing to invest in a global index that has 7.5% Chinese stocks.
Market Drilldown
Retirement Funds Are in the Crosshairs of US-China Conflict
Across-the-board portfolio limits on investing in Chinese firms will harm the US, say critics.
Newsmakers
Senators Call for US Gov’t Pension Fund to Reverse “Short Sighted” China Investment
They say federal employees’ retirement savings will be used to fund Chinese military.