Stop TSP ESG Act

Bill 118 s 1891, also known as the Stop TSP ESG Act, is a piece of legislation currently being considered by the US Congress. The bill aims to prohibit the Thrift Savings Plan (TSP) from investing in companies that engage in certain activities deemed to be against US national security interests.

Specifically, the bill targets companies that have significant business operations in China, Russia, or other countries that are considered to be strategic competitors of the United States. These activities include providing support to the Chinese military, violating US sanctions, or engaging in human rights abuses.

The Stop TSP ESG Act seeks to ensure that federal employees' retirement savings are not being used to support companies that are working against US interests. The bill has garnered bipartisan support in Congress, with lawmakers from both parties expressing concerns about the potential risks associated with TSP investments in companies with ties to adversarial nations. If passed, the Stop TSP ESG Act would require the Federal Retirement Thrift Investment Board to divest from any companies that fall under the criteria outlined in the bill. This would help to safeguard federal employees' retirement savings and prevent them from inadvertently supporting companies that pose a threat to US national security. Overall, the Stop TSP ESG Act is a significant piece of legislation that aims to protect federal employees' retirement savings and ensure that TSP investments align with US national security interests. It will be interesting to see how the bill progresses through Congress and whether it ultimately becomes law.