Stop TSP ESG Act

This legislative proposal, known as the "Stop TSP ESG Act," seeks to modify the management of the Thrift Savings Fund (TSP) . It amends title 5, United States Code, specifically targeting the exercise of voting rights associated with securities owned by the fund. The bill's primary provision is to prohibit qualified professional asset managers from exercising these voting rights. This change aims to prevent these external managers from influencing corporate governance decisions of companies in which the TSP invests. By restricting these voting powers, the legislation intends to alter how investment decisions and corporate engagements are handled for federal employees' retirement savings.