Stop Woke Investing Act

Bill 118 s 3179, also known as the Stop Woke Investing Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to prevent federal employees' retirement savings from being invested in companies that engage in what is referred to as "woke" practices.

The term "woke" is often used to describe companies that are seen as promoting social justice causes or engaging in politically correct behavior. The bill aims to ensure that federal employees' retirement funds are not used to support companies that may have political agendas or engage in controversial practices.

If passed, the Stop Woke Investing Act would require the Federal Retirement Thrift Investment Board to divest from any companies that are deemed to be engaging in woke practices. This would involve removing these companies from the Thrift Savings Plan, which is a retirement savings plan available to federal employees. Supporters of the bill argue that federal employees should not have their retirement savings invested in companies that may not align with their personal beliefs or values. They believe that the government should not be supporting companies that engage in controversial practices or promote political agendas. Opponents of the bill, however, argue that it could limit the investment options available to federal employees and potentially harm the performance of their retirement savings. They also raise concerns about the government interfering in the investment decisions of individuals. Overall, the Stop Woke Investing Act is a controversial piece of legislation that raises important questions about the role of government in regulating investment practices and the balance between personal beliefs and financial decisions.