Bills in House and Senate Would Block BlackRock From Voting Rights on TSP Securities
Bills would prohibit BlackRock and other qualified professional asset managers from exercising voting rights of TSP securities.
Bills would prohibit BlackRock and other qualified professional asset managers from exercising voting rights of TSP securities.
BlackRock manages a large part of assets in the TSP. It also is a company known for its role in pursuing an ESG political agenda.
The Federal Retirement Thrift Investment Board (FRTIB), the group that manages the Thrift Savings Plan (TSP), has announced that it has selected Blackrock Institutional Trust Company, N.A. as the manager for the C Fund.