Stop TSP ESG Act

I 118TH CONGRESS 1ST SESSION H. R. 3406 To amend title 5, United States Code, to prohibit qualified professional asset managers from exercising voting rights associated with the owner- ship of securities by the Thrift Savings Fund. IN THE HOUSE OF REPRESENTATIVES MAY 17, 2023 Mr. BUCK (for himself, Mr. NORMAN, Mrs. BICE, Mr. WEBER of Texas, Mr. BIGGS, Mrs. BOEBERT, Mr. MOONEY, Mr. BISHOP of North Carolina, Mrs. MILLER of Illinois, Mr. SESSIONS, Mr. NEHLS, Mr. BURLISON, Mr. CLINE, Mr. GOSAR, Ms. MACE, Mr. GROTHMAN, Mr. WESTERMAN, and Mr. SELF) introduced the following bill; which was referred to the Com- mittee on Oversight and Accountability 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. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Stop TSP ESG Act’’. 4 VerDate Sep 11 2014 22:41 Jun 01, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3406.IH H3406 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 3406 IH SEC. 2. PROHIBITION ON EXERCISING VOTING RIGHTS AS- 1 SOCIATED WITH THE OWNERSHIP OF SECURI- 2 TIES BY THE THRIFT SAVINGS FUND. 3 Section 8438(f) of title 5, United States Code, is 4 amended by inserting ‘‘a qualified professional asset man- 5 ager,’’ after ‘‘The Board,’’. 6 Æ VerDate Sep 11 2014 22:41 Jun 01, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H3406.IH H3406 kjohnson on DSK79L0C42PROD with BILLS