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Retirement Fund Voting Rights: Banning ESG Proxy Votes for TSP Managers.

This bill prohibits external asset managers of the Thrift Savings Fund (TSP), the retirement plan for federal employees, from exercising voting rights associated with the securities owned by the fund. The goal is to prevent these managers from using shareholder votes to advance Environmental, Social, and Governance (ESG) objectives in the companies where federal employees' retirement savings are invested. This change aims to ensure fund management focuses solely on financial returns, excluding non-financial factors from the proxy voting process.
Key points
Restriction on Voting Rights: Qualified professional asset managers of the TSP retirement fund are prohibited from exercising proxy voting rights for the fund's holdings.
Exclusion of ESG Factors: The legislation aims to stop the use of federal employees' retirement savings to promote Environmental, Social, and Governance (ESG) goals through corporate shareholder voting.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3263
Sponsor: Sen. Cruz, Ted [R-TX]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop TSP ESG Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3263.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What are the main provisions?

Key points include:

  • Restriction on Voting Rights: Qualified professional asset managers of the TSP retirement fund are prohibited from exercising proxy voting rights for the fund's holdings.
  • Exclusion of ESG Factors: The legislation aims to stop the use of federal employees' retirement savings to promote Environmental, Social, and Governance (ESG) goals through corporate shareholder voting.
What is the specific legal status?

The current status is Introduced.

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 Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits Economy