S. 3263 · Where this bill is now
In committee
Introduced in the Senate, Nov 20, 2025
What this bill does
In plain words · AI-written from the official summaryLimits voting rights for Thrift Savings Fund investments
The Thrift Savings Fund is a retirement investment program for federal employees and military members. This bill would prevent the professional money managers who handle the fund's investments from voting on company matters on behalf of the fund. Currently, these managers—which include banks, insurance companies, and investment firms—are allowed to vote using shares the fund owns.
How it affects you
Federal employees and military members who participate in the Thrift Savings Fund would see a change in how their retirement investments are managed, though the official summary doesn't explain what practical difference this would make for your account or benefits.
Read the official summary (Introduced in Senate, Nov 20, 2025)
Stop TSP ESG Act
This bill prohibits a qualified professional asset manager from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund. Under current law, the term qualified professional asset manager includes certain banks, savings and loan associations, insurance companies, and investment advisers.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 3263
A BILL
Stop TSP ESG Act
Sponsor: Sen. Ted Cruz (R-TX) · Introduced Nov 20, 2025 · Government Operations and Politics · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Nov 20, 2025: “Read twice and referred to the Committee on Homeland Security and Governmental Affairs.”