Federal SB3263 prohibits asset managers from exercising voting rights for the Thrift Savings Fund.
Federal SB3263, also known as the Stop TSP ESG Act, amends title 5 of the United States Code to prohibit qualified professional asset managers from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund. This change aims to restrict the ability of asset managers to influence corporate decisions on behalf of the fund.
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