I 

111TH CONGRESS 

2D SESSION H. R. 6183 

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 

SEPTEMBER 22, 2010 

Mr. LANGEVIN (for himself, Mr. KENNEDY, Mr. KUCINICH, Mrs. LOWEY, and 

Mr. MCGOVERN) 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 

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 Re5 sponsible Investment Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

8 (1) The Department of Labor has asserted that 

9 socially responsible investments meet the fiduciary 


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1 standards set in the Employee Retirement Income 

2 Security Act. 

3 (2) Eighty-four percent of mutual fund inves4 tors would be more likely to invest in a fund if one 

5 of its principles was to invest in companies that en6 gage in ethical business practices in terms of oper7 ations and reporting. 

8 (3) Seventy-one percent of investors agree that 

9 companies that operate with higher levels of integ10 rity carry less investment risk, and 67 percent of in11 vestors believe that these companies deliver better 

12 investment returns. 

13 (4) In 2007, $2,700,000,000,000 was invested 

14 in socially responsible funds in the United States. 

15 SEC. 3. CORPORATE RESPONSIBILITY STOCK INDEX FUND. 

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

17 States Code, is amended— 

18 (1) in paragraph (9), by striking ‘‘and’’ at the 

19 end; 

20 (2) in paragraph (10), by striking the period at 

21 the end and inserting ‘‘; and’’; and 

22 (3) by adding at the end the following: 

23 ‘‘(11) the term ‘Corporate Responsibility Stock 

24 Index Fund’ refers to the fund established under 

25 subsection (b)(1)(G).’’. 


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1 (b) ESTABLISHMENT.— 

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

3 5, United States Code, is amended— 

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

5 ‘‘and’’ at the end; 

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

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

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

9 ‘‘(G) a Corporate Responsibility Stock Index 

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

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

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

13 at the end the following: 

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

15 index which is a commonly recognized, passively managed 

16 index comprised of stocks (domestic or otherwise) that 

17 have been analyzed based on criteria consistent with the 

18 purposes of this paragraph. Such criteria shall at a min19 imum include corporate governance, environmental prac20 tices, workplace relations and benefits, product safety and 

21 impact, international operations and human rights, in22 volvement with repressive regimes, and community rela23 tions. The (or, if more than one, each) index’s financial 

24 track record must be comparable to that of the other op25 tions available under the Thrift Savings Plan. 


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

2 shall be invested in a portfolio designed to replicate the 

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

4 than one, their overall average performance). The portfolio 

5 shall be designed such that, to the extent practicable, the 

6 percentage of the Corporate Responsibility Stock Index 

7 Fund that is invested in each stock is the same as the 

8 percentage determined by dividing the aggregate market 

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

10 value of all shares of all stocks included in such index (or 

11 indexes).’’. 

Æ 


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