SB2147: No ESG at TSP Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend title 5, United States Code, to prohibit investments under the Thrift Savings Plan in certain mutual funds that make investment decisions based primarily on environmental, social, or governance criteria, and for other purposes.
Plain-language summary
This bill would change rules for the Thrift Savings Plan, which is a retirement savings program for federal employees and military members. It would ban the plan from investing in mutual funds that base investment choices mainly on environmental, social, or governance criteria—factors beyond traditional financial performance. Environmental criteria include climate impact, social criteria include labor practices, and governance criteria include how companies are run. The bill is currently in the introduction stage and has not yet been assigned to a for review.
AI-generated summary
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SB2147: No ESG at TSP Act