Legis Daily

Stop TSP ESG Act

USA119th CongressS-3263| Senate 
| Updated: 11/20/2025
Ted Cruz

Ted Cruz

Republican Senator

Texas

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.
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Timeline

Bill from Previous Congress

S 118-1891
Stop TSP ESG Act
Nov 20, 2025
Introduced in Senate
Nov 20, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • Bill from Previous Congress

    S 118-1891
    Stop TSP ESG Act


  • November 20, 2025
    Introduced in Senate


  • November 20, 2025
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-1891
Stop TSP ESG Act
Nov 20, 2025
Introduced in Senate
Nov 20, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • Bill from Previous Congress

    S 118-1891
    Stop TSP ESG Act


  • November 20, 2025
    Introduced in Senate


  • November 20, 2025
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Ted Cruz

Ted Cruz

Republican Senator

Texas

Homeland Security and Governmental Affairs Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted