Stop TSP ESG Act

Bill: 118-s-1891
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2023-06-08
Policy area: Government Operations and Politics
Latest action: action_date: 2023-06-08
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2023-06-08
action_desc: Introduced in Senate
text: <p><b>Stop TSP ESG Act</b></p> <p>This bill prohibits a qualified professional asset manager from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund. Under current law, the term <i>qualified professional asset manager</i> includes certain banks, savings and loan associations, insurance companies, and investment advisers. </p>

tv_txt: II 118th CONGRESS 1st Session S. 1891 IN THE SENATE OF THE UNITED STATES June 8, 2023 Mr. Cruz (for himself and Mr. Schmitt ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To amend title 5, United States Code, to prohibit qualified professional asset managers from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund.

1. Short title This Act may be cited as the Stop TSP ESG Act . 2. Prohibition on exercising voting rights associated with the ownership of securities by the Thrift Savings Fund Section 8438(f) of title 5, United States Code, is amended by inserting a qualified professional asset manager, after The Board, .