Federal employee retirement fund managers would lose voting power
This bill would stop certain money managers from voting on behalf of the Thrift Savings Fund, which holds retirement savings for federal employees. Currently, these managers can vote on company shares held by the fund. If passed, the Federal Retirement Thrift Investment Board would oversee this change.
Today, the Federal Retirement Thrift Investment Board and potentially other professional money managers can vote on company shares held by the Thrift Savings Fund. If this bill passes, qualified professional asset managers would be specifically prohibited from exercising these voting rights for the fund's investments.
S 3263 · 119th Congress · November 20, 2025 · AI Summary by gemini-2.5-flash · 9/10
Sign in to see your representatives' phone numbers
2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.