HR 3406
Stop tsp esg act
Stop Tsp Esg Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Stop TSP ESG Act, aims to prevent investment managers overseeing funds for the Thrift Savings Plan (TSP) from using their voting rights on securities held within those funds. Currently, certain financial institutions are allowed to vote on investments for the TSP. This legislation specifically restricts this practice, ensuring that the TSP’s investment decisions are made without external influence related to environmental, social, and governance (ESG) factors.
Sponsors
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Primary sponsor
Ken Buck
Cosponsors
Alexander X. Mooney
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