standards set in the Employee Retirement Income 
Security Act. 
(2) Eighty-four percent of mutual fund inves-
tors would be more likely to invest in a fund if one 
of its principles was to invest in companies that en-
gage in ethical business practices in terms of oper-
ations and reporting. 
(3) Seventy-one percent of investors agree that 
companies that operate with higher levels of integ-
rity carry less investment risk, and 67 percent of in-
vestors believe that these companies deliver better 
investment returns. 
(4) The United States National Research Coun-
cil has established that human activity is largely re-
sponsible for recent climate change and threatens 
significant harm to our Nation’s public health and 
welfare, security, agriculture and forestry, natural 
resources, infrastructure, and economy. 
(5) In 2012, $3,740,000,000,000 was invested 
in socially responsible funds in the United States. 
SEC. 3. CORPORATE RESPONSIBILITY STOCK INDEX FUND. 
(a) DEFINITION.—Section 8438(a) of title 5, United 
States Code, is amended— 
(1) by redesignating paragraphs (2) through 
(10) as paragraphs (3) through (11), respectively; 
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(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: 
‘‘(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 
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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 
than one index is selected, the overall average perform-
ance). The portfolio shall be designed such that, to the 
extent practicable, the percentage of the Corporate Re-
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sponsibility Stock Index Fund that is invested in each 
stock is the same as the percentage determined by dividing 
the aggregate market value of all shares of that stock by 
the aggregate market value of all shares of all stocks in-
cluded in such index (or indexes).’’. 
Æ 
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