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S 5000 United States Senate · 117th Congress

No ESG at TSP Act

Summary
No ESG at TSP Act This bill prohibits investments under the Thrift Savings Plan in mutual funds that are based on environmental criteria (e.g., emissions standards), social criteria (e.g., company diversity), political criteria (e.g., political affiliations), or corporate governance criteria that differ from the standards that currently apply under law.
Issues: ✗ EnergyOpposes EnergyProhibits TSP investments in ESG funds tied to environmental criteria (e.g., emissions standards), restricting capital flow to renewable energy initiatives.92% confidence ✗ EnvironmentOpposes EnvironmentBill prohibits TSP investments based on environmental criteria (e.g., emissions standards), directly restricting ESG factors tied to environmental protection in retirement funds.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 28, 2022 Last action Sep 28, 2022
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 28, 2022
Committee
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
upper
Sep 28, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mike Lee
Mike Lee
RRepublican
UT
n/a