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HR 2130 112th Congress House Government Operations and Politics Business ethics Financial services and investments Government employee pay, benefits, personnel management Securities

Federal Employees Responsible Investment Act

Introduced: June 3, 2011 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2011
Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .
Jun 3, 2011
Referred to the House Committee on Oversight and Government Reform.
Jun 3, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Federal Employees Responsible Investment Act - Provides for the establishment of a Corporate Responsibility Stock Index Fund as an investment option under the Thrift Savings Plan (TSP).

Directs the Federal Retirement Thrift Investment Board to select a minimum of one index which is a commonly recognized, passively managed index comprised of stocks based on criteria which shall at a minimum include corporate governance, environmental practices, workplace relations and benefits, product safety and impact, international operations and human rights, involvement with repressive regimes, and community relations. Requires that the index's financial track record be comparable to that of the other options available under TSP.

Directs that the Fund be invested in a portfolio which shall be designed such that the percentage of the Fund that is invested in each stock is the same as the percentage determined by dividing the aggregate market value of all shares of that stock by the aggregate market value of all shares of all stocks included in such index.

What's happening now June 20, 2011

Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .

 Committees of jurisdiction 2