No ESG at TSP Act

Bill 118 hr 3612, also known as the No ESG at TSP Act, is a piece of legislation currently being considered by the US Congress. The bill aims to prohibit the Thrift Savings Plan (TSP) from offering investment options that include environmental, social, and governance (ESG) criteria.

If passed, the bill would prevent federal employees and members of the uniformed services from investing their retirement savings in funds that consider ESG factors when making investment decisions. Proponents of the bill argue that ESG investing may not always align with the financial interests of investors and could potentially lead to lower returns on investment.

Opponents of the bill, on the other hand, argue that ESG investing is important for promoting sustainability, social responsibility, and good governance practices among corporations. They believe that federal employees and members of the uniformed services should have the option to invest in funds that align with their values and beliefs. Overall, the No ESG at TSP Act is a controversial piece of legislation that raises important questions about the role of ESG investing in retirement savings and the extent to which the government should regulate investment options for federal employees and members of the uniformed services.