PILLS Act

Senate Bill

S. 1891

119th Congress

PILLS Act

In Committee

Introduced:May 22, 2025

Primary Sponsor

Tom Cotton

Senator

Republican

AR

Cosponsors

1

Quick Stats

Policy Area

Government Operations and Politics

Summary

The PILLS Act would prohibit certain financial managers from voting on investments made by the Thrift Savings Plan, a retirement savings program for federal government employees. This would limit the ability of those managers to consider environmental, social, and governance (ESG) factors when making investment decisions on behalf of the Thrift Savings Plan.

Latest Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

SponsorTom Cotton (R-AR)

Introduced5/22/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

PILLS Act

The PILLS Act would prohibit certain financial managers from voting on investments made by the Thrift Savings Plan, a retirement savings program for federal government employees. This would limit the ability of those managers to consider environmental, social,

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The PILLS Act would prohibit certain financial managers from voting on investments made by the Thrift Savings Plan, a retirement savings program for federal government employees. This would limit the ability of those managers to consider environmental, social, and governance (ESG) factors when making investment decisions on behalf of the Thrift Savings Plan.

Bill Number: 1891
Sponsor: Tom Cotton (R-AR)
Introduced: 5/22/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Government Operations and Politics

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: PILLS Act
Bill Number: 1891
Sponsor: Tom Cotton (R-AR)
Status: Read twice and referred to the Committee on Finance.
Introduced: 5/22/2025
Summary: The PILLS Act would prohibit certain financial managers from voting on investments made by the Thrift Savings Plan, a retirement savings program for federal government employees. This would limit the ability of those managers to consider environmental, social, and governance (ESG) factors when makin

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The PILLS Act would prohibit certain financial managers from voting on investments made by the Thrift Savings Plan, a retirement savings program for federal government employees. This would limit the ability of those managers to consider environmental, social, and governance (ESG) factors when making investment decisions on behalf of the Thrift Savings Plan.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Stop TSP ESG Act This bill prohibits a qualified professional asset manager from exercising voting rights associated with the ownership of securities by the Thrift Savings Fund. Under current law, the term qualified professional asset manager includes certain banks, savings and loan associations, insurance companies, and investment advisers.

Key Points

Main provisions of the bill

The bill would ban qualified professional asset managers from exercising voting rights associated with securities owned by the Thrift Savings Fund.
This would prevent those managers from considering ESG factors when voting on investment decisions for the Thrift Savings Plan.
The Thrift Savings Plan is a retirement savings program for federal government employees, including military personnel.

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would affect the investment management of the Thrift Savings Plan, which has over $800 billion in assets and serves millions of federal employees and retirees. It would limit the ability of professional asset managers to incorporate ESG considerations into their investment decisions on behalf of the Thrift Savings Plan, potentially impacting the long-term financial performance and sustainability of the fund.

Policy Areas

Primary Policy Area

Government Operations and Politics

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

1891, 119th Congress (2025). "PILLS Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-1891

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Government Operations and Politics

HRES 333

Recognizing the enduring cultural and historical significance of emancipation in the Nation's capital on the anniversary of President Abraham Lincoln's signing of the District of Columbia Compensated Emancipation Act, which established the "first freed" on April 16, 1862, and celebrating passage of the District of Columbia statehood bill in the House of Representatives.

Referred to the House Committee on Oversight and Government Reform.

HR 2847

Vote at Home Act of 2025

Referred to the Committee on House Administration, and in addition to the Committee on Oversight and

HR 2906

SERVICE Act

Referred to the House Committee on Oversight and Government Reform.

HR 2880

To provide employment protections for, and reinstatement of, certain probationary Federal career employees, and for other purposes.

Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ve