Homeland Security and Governmental Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This legislative proposal, known as the "Stop TSP ESG Act," seeks to modify the management of the Thrift Savings Fund (TSP) . It amends title 5, United States Code, specifically targeting the exercise of voting rights associated with securities owned by the fund. The bill's primary provision is to prohibit qualified professional asset managers from exercising these voting rights. This change aims to prevent these external managers from influencing corporate governance decisions of companies in which the TSP invests. By restricting these voting powers, the legislation intends to alter how investment decisions and corporate engagements are handled for federal employees' retirement savings.
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Government Operations and Politics
Stop TSP ESG Act
USA119th CongressS-3263| Senate
| Updated: 11/20/2025
This legislative proposal, known as the "Stop TSP ESG Act," seeks to modify the management of the Thrift Savings Fund (TSP) . It amends title 5, United States Code, specifically targeting the exercise of voting rights associated with securities owned by the fund. The bill's primary provision is to prohibit qualified professional asset managers from exercising these voting rights. This change aims to prevent these external managers from influencing corporate governance decisions of companies in which the TSP invests. By restricting these voting powers, the legislation intends to alter how investment decisions and corporate engagements are handled for federal employees' retirement savings.