H.R.4140 - Federal Employees Responsible Investment Act108th Congress (2003-2004)
|Sponsor:||Rep. Langevin, James R. [D-RI-2] (Introduced 04/02/2004)|
|Committees:||House - Government Reform|
|Latest Action:||04/02/2004 Referred to the House Committee on Government Reform. (All Actions)|
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Summary: H.R.4140 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in House (04/02/2004)
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 an index which is a commonly recognized, passively managed index comprised of domestic stocks based on criteria which may 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.