18. Department of Labor and Related Agencies · Minor · Needs Congress
Authorize FRTIB independent proxy voting for TSP holdings
Printed page 608 18. Department of Labor and Related Agencies
“Congress should enact legislation authorizing the FRTIB to exercise its independent business judgment in exercising the proxy votes for its holdings of the TSP and provide clear proxy voting guidelines for the FRTIB to follow.”
What has happened
- Not started
Congress has not authorized the Federal Retirement Thrift Investment Board to exercise independent business judgment over the proxy votes attached to Thrift Savings Plan holdings, and has issued no proxy-voting guidelines for it. The nearest bill, S. 3263, the Stop TSP ESG Act, would bar the plan's asset managers from exercising those votes at all rather than transfer the judgment to the Board, and it has only been referred to committee.
No action found yet. This entry is the starting point, not a finding.
Research log
What was searched, and what didn’t count as evidence
Research notes
- §3b’s adjacent-bill rule: stripping the managers’ proxy rights is not authorizing the Board to vote independently under published guidelines, and in any case referral to committee is not started.
- Executive Order 14366, Protecting American Investors From Foreign-Owned and Politically-Motivated Proxy Advisors (2025-12-11), is about proxy advisory firms across the market, not about the Board’s own voting authority. Adjacent, no Status event.
- Negative search: chapter log, Cluster negative search — the Thrift Savings Plan asks.
- Action
- create
- Object
- FRTIB proxy voting authority and guidelines
- ID
- 1677