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To amend title 5, United States Code, to prohibit qualified professional asset managers from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund.
Summary
The bill amends federal law to prohibit qualified professional asset managers from exercising voting rights associated with securities owned by the Thrift Savings Fund, the retirement investment fund for federal employees. The amendment modifies Section 8438(f) of Title 5, United States Code, to restrict asset managers' ability to vote on shares held by the fund. This change removes voting authority from qualified professional asset managers regarding securities in the federal employee retirement portfolio.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Cruz, Ted [R-TX] (R-TX)
Money behind the sponsor
Top reported contributors to Ted Cruz’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $4,424,745
- ENTREPRENEUR $458,096
- RDV CORPORATION $39,600
- AMERICAN AIRLINES $29,632
- BLACKSTONE $27,400
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ted Cruz → · Outside spending →
Actions (2)
- Nov 20, 2025 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. · senate
- Nov 20, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
November 20, 2025
Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs
A BILL
To amend title 5, United States Code, to prohibit qualified professional asset managers from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stop TSP ESG Act”.
SEC. 2. PROHIBITION ON EXERCISING VOTING RIGHTS ASSOCIATED WITH THE OWNERSHIP OF SECURITIES BY THE THRIFT SAVINGS FUND.
Section 8438(f) of title 5, United States Code, is amended by inserting “a qualified professional asset manager,” after “The Board,”. <all>
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