I 

118TH CONGRESS 

1ST SESSION H. R. 1261 

To amend title 5, United States Code, to provide for a corporate responsibility 

investment option under the Thrift Savings Plan. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 28, 2023 

Mr. SCHIFF (for himself, Ms. LEGER FERNANDEZ, Mr. CLEAVER, Mr. CONNOLLY, and Ms. SCHAKOWSKY) introduced the following bill; which was 

referred to the Committee on Oversight and Accountability 

A BILL 

To amend title 5, United States Code, to provide for a 

corporate responsibility investment option under the 

Thrift Savings Plan. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Federal Employees 

5 Sustainable Investment Act’’. 

6 SEC. 2. CORPORATE RESPONSIBILITY STOCK INDEX FUND. 

7 (a) DEFINITION.—Section 8438(a) of title 5, United 

8 States Code, is amended— 


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1 (1) by redesignating paragraphs (2) through 

2 (10) as paragraphs (3) through (11), respectively; 

3 (2) by inserting after paragraph (1) the fol4 lowing: 

5 ‘‘(2) the term ‘Corporate Responsibility Stock 

6 Index Fund’ means the fund established under sub7 section (b)(1)(G).’’; and 

8 (3) in paragraph (10), as redesignated by para9 graph (1) of this subsection, by striking ‘‘paragraph 

10 (8)(D)’’ each place it appears and inserting ‘‘para11 graph (9)(D)’’. 

12 (b) ESTABLISHMENT.— 

13 (1) IN GENERAL.—Section 8438(b)(1) of title 

14 5, United States Code, is amended— 

15 (A) in subparagraph (E), by striking 

16 ‘‘and’’ at the end; 

17 (B) in subparagraph (F), by striking the 

18 period at the end and inserting ‘‘; and’’; and 

19 (C) by adding at the end the following: 

20 ‘‘(G) a Corporate Responsibility Stock Index 

21 Fund as provided under paragraph (6).’’. 

22 (2) FUND REQUIREMENTS.—Section 8438(b) of 

23 title 5, United States Code, is amended by adding 

24 at the end the following: 


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1 ‘‘(6)(A)(i) The Board shall select a minimum of one 

2 index which is a commonly recognized, passively managed 

3 index comprised of stocks (from the United States or 

4 international equity markets) that have been analyzed and 

5 selected based on criteria consistent with the purposes of 

6 this paragraph. 

7 ‘‘(ii) The criteria under clause (i) shall at a minimum 

8 include— 

9 ‘‘(I) corporate governance; 

10 ‘‘(II) environmental practices (including green11 house gas emissions and contribution to climate 

12 change); 

13 ‘‘(III) workplace relations and benefits; 

14 ‘‘(IV) product safety and impact; 

15 ‘‘(V) international operations and human 

16 rights; 

17 ‘‘(VI) involvement with repressive regimes; and 

18 ‘‘(VII) community relations. 

19 ‘‘(iii) The historical performance of each index se20 lected under this subparagraph shall be comparable to 

21 that of the other investment funds and options available 

22 under this subsection. 

23 ‘‘(B) The Corporate Responsibility Stock Index Fund 

24 shall be invested in a portfolio designed to replicate the 

25 performance of the index in subparagraph (A) (or, if more 


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1 than one index is selected, the overall average perform2 ance). The portfolio shall be designed such that, to the 

3 extent practicable, the percentage of the Corporate Re4 sponsibility Stock Index Fund that is invested in each 

5 stock is the same as the percentage determined by dividing 

6 the aggregate market value of all shares of that stock by 

7 the aggregate market value of all shares of all stocks in8 cluded in such index (or indexes).’’. 

Æ 


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