Rep. Roy Introduces Bill to Bar Federal Investment in ESG Retirement Funds

Rep. Chip Roy (R-Texas), joined by Rep. Marjorie Taylor Greene (R-Ga.), speaks at a news conference about the National Defense Authorization Bill at the U.S. Capitol in Washington on Sept. 22, 2021. Kevin Dietsch/Getty Images

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.