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. CON-
NOLLY, 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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Employees 
Sustainable Investment Act’’. 
SEC. 2. CORPORATE RESPONSIBILITY STOCK INDEX FUND. 
(a) DEFINITION.—Section 8438(a) of title 5, United 
States Code, is amended— 
VerDate Sep 11 2014 
04:39 Mar 14, 2023
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H1261.IH
H1261
kjohnson on DSK79L0C42PROD with BILLS
(1) by redesignating paragraphs (2) through 
(10) as paragraphs (3) through (11), respectively; 
(2) by inserting after paragraph (1) the fol-
lowing: 
‘‘(2) the term ‘Corporate Responsibility Stock 
Index Fund’ means the fund established under sub-
section (b)(1)(G).’’; and 
(3) in paragraph (10), as redesignated by para-
graph (1) of this subsection, by striking ‘‘paragraph 
(8)(D)’’ each place it appears and inserting ‘‘para-
graph (9)(D)’’. 
(b) ESTABLISHMENT.— 
(1) IN GENERAL.—Section 8438(b)(1) of title 
5, United States Code, is amended— 
(A) in subparagraph (E), by striking 
‘‘and’’ at the end; 
(B) in subparagraph (F), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(G) a Corporate Responsibility Stock Index 
Fund as provided under paragraph (6).’’. 
(2) FUND REQUIREMENTS.—Section 8438(b) of 
title 5, United States Code, is amended by adding 
at the end the following: 
VerDate Sep 11 2014 
04:39 Mar 14, 2023
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H1261.IH
H1261
kjohnson on DSK79L0C42PROD with BILLS
‘‘(6)(A)(i) The Board shall select a minimum of one 
index which is a commonly recognized, passively managed 
index comprised of stocks (from the United States or 
international equity markets) that have been analyzed and 
selected based on criteria consistent with the purposes of 
this paragraph. 
‘‘(ii) The criteria under clause (i) shall at a minimum 
include— 
‘‘(I) corporate governance; 
‘‘(II) environmental practices (including green-
house gas emissions and contribution to climate 
change); 
‘‘(III) workplace relations and benefits; 
‘‘(IV) product safety and impact; 
‘‘(V) 
international 
operations 
and 
human 
rights; 
‘‘(VI) involvement with repressive regimes; and 
‘‘(VII) community relations. 
‘‘(iii) The historical performance of each index se-
lected under this subparagraph shall be comparable to 
that of the other investment funds and options available 
under this subsection. 
‘‘(B) The Corporate Responsibility Stock Index Fund 
shall be invested in a portfolio designed to replicate the 
performance of the index in subparagraph (A) (or, if more 
VerDate Sep 11 2014 
04:39 Mar 14, 2023
Jkt 039200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H1261.IH
H1261
kjohnson on DSK79L0C42PROD with BILLS