I 

114TH CONGRESS 

1ST SESSION H. R. 2432 

To amend title 5, United States Code, to provide for a gender equalityfocused investment option under the Thrift Savings Plan. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 19, 2015 

Mr. BEYER (for himself and Mr. NOLAN) introduced the following bill; which 

was referred to the Committee on Oversight and Government Reform 

A BILL 

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

gender equality-focused 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 Employee 

5 Gender Diversity Investment Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

8 (1) A proven track record of taking advantage 

9 of the talents, ideas, and contributions of women is 


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1 an excellent indicator of companies that are primed 

2 for long-term growth and sustainability. 

3 (2) A report reviewing 2,360 global companies 

4 found that those with women directors outperformed 

5 those without in return on equity. 

6 (3) Companies with greater numbers of women 

7 in senior management outperformed those without 

8 women directors in return on equity and scored 

9 higher when being evaluated on organization, leader10 ship, accountability and innovation. 

11 (4) Investing in women and girls is one of the 

12 most important strategies for alleviating poverty and 

13 promoting sustainable development around the 

14 globe. 

15 SEC. 3. GENDER EQUALITY-FOCUSED STOCK INDEX FUND. 

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

17 States Code, is amended— 

18 (1) by redesignating paragraphs (2) through 

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

20 (2) by inserting after paragraph (1) the fol21 lowing: 

22 ‘‘(2) the term ‘Gender Equality-Focused Stock 

23 Index Fund’ means the fund established under sub24 section (b)(1)(G);’’; and 


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1 (3) in paragraph (10), as redesignated by para2 graph (1) of this subsection, by striking ‘‘paragraph 

3 (8)(D)’’ each place it appears and inserting ‘‘para4 graph (9)(D)’’. 

5 (b) ESTABLISHMENT.— 

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

7 5, United States Code, is amended— 

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

9 ‘‘and’’ at the end; 

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

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

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

13 ‘‘(G) a Gender Equality-Focused Stock Index 

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

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

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

17 at the end the following: 

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

19 index which is a commonly recognized, passively managed 

20 index comprised of stocks (from the United States or 

21 international equity markets) that have been analyzed and 

22 selected based on criteria consistent with the purposes of 

23 this paragraph. 

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

25 include— 


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1 ‘‘(I) gender diversity in corporate board and 

2 senior management composition; 

3 ‘‘(II) pay equity; 

4 ‘‘(III) workplace relations and benefits; and 

5 ‘‘(IV) international operations and human 

6 rights. 

7 ‘‘(iii) The historical performance of each index se8 lected under this subparagraph shall be comparable to 

9 that of the other investment funds and options available 

10 under this subsection. 

11 ‘‘(B) The Gender Equality-Focused Stock Index 

12 Fund shall be invested in a portfolio designed to replicate 

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

14 more than one index is selected, the overall average per15 formance). The portfolio shall be designed such that, to 

16 the extent practicable, the percentage of the Gender 

17 Equality-Focused Stock Index Fund that is invested in 

18 each stock is the same as the percentage determined by 

19 dividing the aggregate market value of all shares of that 

20 stock by the aggregate market value of all shares of all 

21 stocks included in such index (or indexes).’’. 

Æ 


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