HR 3612
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 make investment decisions based on environmental, social, or governance (ESG) criteria. Specifically, it prevents the Board from offering funds that prioritize investments based on factors like emissions, diversity, political affiliations, or corporate governance standards differing from existing laws. The bill also requires a review of existing funds and a process for reinvesting covered sums in a government securities fund if participants don't opt for the ESG-based funds.
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Primary sponsor
Cosponsors
Bob Good
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