No ESG at TSP Act

HR 3612, the "No ESG at TSP Act," prohibits the Thrift Savings Plan (TSP) - the federal retirement plan for government employees - from offering investment funds that use environmental, social, or governance (ESG) criteria in their investment decisions. It specifically bans mutual funds, ETFs, or other vehicles marketed with ESG criteria (such as climate policies, diversity metrics, or gun industry focus) from the TSP's "mutual fund window." The bill requires the TSP Board to remove existing ESG-linked funds within 90 days, notify participants about switching to non-ESG options, and automatically move unselected funds to a government securities fund. This directly affects federal employees and retirees who use the TSP for retirement savings.