US. House Oversight probes whether American retirees’ pension funds are being weaponized: ‘Progressive playbook’

The House Oversight Committee is setting its sights on insurance companies that may have discriminated against entities with right-wing views.

The committee is also looking into whether retirees’ pension accounts were being used to invest in progressive policies they may not necessarily agree with, Fox News Digital has learned.

“The Committee on Oversight and Government Reform is investigating improper restrictions on access to capital and capital markets of individuals and entities based on political viewpoints or involvement in certain industries (such as cryptocurrency, energy, and firearms),” Committee Chairman James Comer, R-Ky., wrote to the National Association of Insurance Commissioners (NAIC).

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“The Committee has engaged with whistleblowers who had their insurance policies cancelled for widely-held political positions or for operating legal businesses considered out of favor by progressive activists.”

The move is an expansion of the House Oversight Committee’s ongoing investigation into whether public financial institutions engaged in debanking against people and entities with right-wing views.

Comer is also probing whether companies implementing progressive policies are doing so at the expense of millions of retired Americans’ personal investments.

He wrote to Treasury Secretary Scott Bessent, in his capacity as acting commissioner of the Internal Revenue Service (IRS), that his panel “is investigating the prolific use of proxy proposals and other activism targeting corporate boards of directors by activists pursuing political agendas at the expense of the retirement and personal savings of Americans.”

Read More: Yahoo