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Prohibition of ESG Investments in Federal Employee Savings Plan

This new law aims to prohibit investment funds within the Thrift Savings Plan (TSP) for federal employees from making investment decisions primarily based on environmental, social, or governance (ESG) criteria. This means your retirement savings in TSP will not be able to be invested in funds promoting these criteria, unless they also maximize monetary returns. If you currently have such investments, they will be automatically re-invested into other funds unless you choose otherwise.
Key points
Limits the choice of investment funds within the Thrift Savings Plan (TSP) for federal employees.
Prohibits investments in funds that prioritize environmental, social, or governance (ESG) criteria over maximizing financial returns.
Existing ESG investments will be automatically re-invested into other funds unless the employee makes a different choice.
Impacts how federal employees' retirement savings are managed.
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Expired
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Additional Information
Print number: 117_HR_7896
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2022-05-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No ESG at TSP Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7896.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-27.

What are the main provisions?

Key points include:

  • Limits the choice of investment funds within the Thrift Savings Plan (TSP) for federal employees.
  • Prohibits investments in funds that prioritize environmental, social, or governance (ESG) criteria over maximizing financial returns.
  • Existing ESG investments will be automatically re-invested into other funds unless the employee makes a different choice.
  • Impacts how federal employees' retirement savings are managed.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Roy, Chip [R-TX-21].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Labor