The Gender Diversity Investment Act would provide federal employees the freedom and flexibility to invest their retirement savings through the Thrift Savings Plan (TSP) in companies that demonstrate a strong commitment to gender diversity and women’s economic empowerment.
“This legislation would provide federal workers the opportunity to invest their retirement savings in companies that have made a commitment to gender diversity at the highest levels,” said Rep. Beyer. “It makes good business sense. Studies show companies that have women in leadership outperform companies that do not. Companies that value the talents, ideas, and contributions women bring to corporate leadership end up having better returns on investment than those that ignore half the talent pool.”
The Gender Diversity Investment Act provides a Gender Equality-Focused Stock Index under the TSP that focuses on gender diversity, allowing Federal employees to invest in companies with proven track records of empowering women.
“This legislation does not require anything, nor does it cost anything. It simply lets workers decide how they want to invest,” Beyer added. “As a small business owner, I am concerned about the lack of women on leadership teams at American companies despite clear evidence that this leaves us at an economic disadvantage.”