HR 3612 · 118th Congress 2023–2025, ended

No ESG at TSP Act

Introduced May 23, 2023 Originated House Sponsor Chip Roy R-TX

Fact sheet Spreadsheet

Latest action · May 23, 2023 Referred to the House Committee on Oversight and Accountability.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 23, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

No ESG at TSP Act

This bill prohibits investments under the Thrift Savings Plan in mutual funds that are based on environmental criteria (e.g., emissions standards), social criteria (e.g., company diversity), political criteria (e.g., political affiliations), or corporate governance criteria that differ from the standards that currently apply under law.

Cosponsors 21

Members who signed on, in the order they did. Signatures ran from May 23, 2023 to Jun 23, 2023; 17 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-TNAndrew OglesOriginalMay 23, 2023
R-AZAndy BiggsOriginalMay 23, 2023
R-VABob GoodOriginalMay 23, 2023
R-TXBrian BabinOriginalMay 23, 2023
R-FLByron DonaldsOriginalMay 23, 2023
R-NCDan BishopOriginalMay 23, 2023
R-TXDan CrenshawOriginalMay 23, 2023
R-GAEarl L. "Buddy" CarterOriginalMay 23, 2023
R-WIGlenn GrothmanOriginalMay 23, 2023
R-OKJosh BrecheenOriginalMay 23, 2023
R-TXKeith SelfOriginalMay 23, 2023
R-COLauren BoebertOriginalMay 23, 2023
R-MTMatthew M. Rosendale, Sr.OriginalMay 23, 2023
R-TXMichael CloudOriginalMay 23, 2023
R-TXRandy K. Weber, Sr.OriginalMay 23, 2023
R-PAScott PerryOriginalMay 23, 2023
R-TXTroy E. NehlsOriginalMay 23, 2023
R-FLW. Gregory SteubeMay 25, 2023
R-MDAndy HarrisJun 13, 2023
R-AZElijah CraneJun 13, 2023
R-AZDebbie LeskoJun 23, 2023

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseOversight and Government Reform Committee
Referred May 23, 2023

Actions 2

Everything that happened, newest first.

  1. May 23, 2023Introduced in House
  2. May 23, 2023Referred to the House Committee on Oversight and Accountability.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 18 of the United States Constitution--to make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or any Department or Officer thereof. The single subject of this legislation is: To prohibit the Thrift Savings Plan from offering ESG mutual funds.

The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 87, May 23, 2023, page H2546.

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

ProductTitleKindPublished
R47996Pensions and Individual Retirement Accounts (IRAs): Investment IssuesReportNov 4, 2024

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2147No ESG at TSP ActIdentical billJun 22, 2023

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend title 5, United States Code, to prohibit investments under the Thrift Savings Plan in certain mutual funds that make investment decisions based primarily on environmental, social, or governance criteria, and for other purposes.
Short Title(s) as Introduced
No ESG at TSP Act

Subjects

Assigned by the Library of Congress. Policy area: Government Operations and Politics.

Text 1

Each version as it was printed, newest first.

  1. May 23, 2023Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.