HR 7896
No esg at tsp act
No Esg at Tsp Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the No ESG at TSP Act, prohibits the Thrift Savings Plan (TSP) from offering mutual funds that invest based on environmental, social, or governance (ESG) criteria. Specifically, it restricts investments related to factors like emissions, diversity, political affiliations, and corporate governance standards that differ from existing legal requirements. The bill also provides a mechanism for automatically reinvesting TSP funds currently held in these restricted funds into alternative investments.
Sponsors
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Primary sponsor
Cosponsors
Bill Johnson
Bill Posey
Bob Good
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