Stop TSP ESG Act

The Stop TSP ESG Act (S 3263) amends Section 8438(f) of title 5, U.S. Code, to require the Thrift Savings Fund (TSP) to exercise voting rights on securities through a qualified professional asset manager instead of the TSP Board. The bill's title indicates it aims to prevent the TSP from using Environmental, Social, and Governance (ESG) criteria in investment decisions. This change would directly affect the TSP, which manages retirement savings for federal employees. The key mechanism replaces the current authority of the TSP Board to vote directly with a mandatory requirement to engage an external qualified professional asset manager for voting.