Congressman’s Bill Takes Aim at Leftist Coercion with Taxpayer Money

America’s most powerful advocates of corporate socialism would be completely cut off from its life-giving flow of federal tax dollars, under new legislation from a House conservative.

U.S. Congressman Ken Buck (R-CO) has introduced Stop TSP ESG Act, which blocks companies from “using taxpayer dollars to force leftist Environmental, Social, Governance (ESG) and Diversity, Equity, and Inclusion (DEI) policies onto private sector businesses.”

Buck’s legislation specifically targets the global hedge fund “BlackRock,” which controls the corporate voting decisions of the federal government’s Thrift Savings Plan (TSP), using its
$827.2 billion in assets to coerce private companies into left-wing political advocacy.

“For years, BlackRock has been leveraging taxpayer money to force unwilling businesses to accept ESG and DEI policies,” said Buck. “Through its position as the manager of the federal Thrift Savings Plan, BlackRock has abused public capital to push a radical agenda and censor conservative media.”

“The Stop TSP ESG Act would prevent the TSP from contracting out its corporate voting power to woke hedge funds, granting more power to individual investors and less to Silicon Valley,” Buck’s office explains in a statement.

The bill is cosponsored by Reps. Stephanie Bice (R-OK), Andy Biggs (R-AZ), Dan Bishop (R-NC), Lauren Boebert (R-CO), Eric Burlison (R-MO), Ben Cline (R-VA), Paul Gosar (R-AZ), Glenn Grothman (R-WI), Nancy Mace (R-SC), Carol Miller (R-IL), Alex Mooney (R-WV), Troy Nehls (R-TX), Ralph Norman (R-SC), Keith Self (R-TX), Pete Sessions (R-TX), Randy Weber (R-TX), and Bruce Westerman (R-AR).

Conservative nonprofit Consumers’ Research and Concerned Women for America also support the bill.

“Woke Wall Street has been using the federal Thrift Savings Plan to force a radical left-wing agenda on the country. That’s a violation of their fiduciary duty and the basic precepts of democracy. The policy should be made in Congress, not BlackRock’s C-Suite.” said Will Hild, Executive Director at Consumer Research.

“The Stop TSP ESG Act is an important step in stopping the radical ESG agenda by protecting TSP account holders,” said Penny Nance, CEO, and President of Concerned Women for America Legislative Action Committee. “BlackRock CEO Larry Fink admits to ‘forcing behaviors.’ Shareholders may be unknowingly support companies that disparage their values as proxy voting decisions are made by these radicals. Thank you, Rep. Buck, for introducing this legislation.”

Michael Bingham