Republicans in the U.S. Senate and House have filed legislation to ban federal employee retirement money from being invested in funds requiring compliance with ESG and DEI policies. The Stop TSP ESG Act was filed in the Senate by U.S. Sens. Ted Cruz, R-Texas, and Eric Schmitt, R-Missouri. A coalition of Republicans in the House led by Rep. Ken Buck, R-Colorado, filed a companion bill on May 17. If the bills were to pass, it’s unlikely the president would sign them as his administration is advancing ESG and DEI policies, including a Department of Labor rule change over which 25...