Detailed Summary

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.

Status of the Legislation

Latest Major Action: 6/12/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Federal Workforce, Post Office, and the District of Columbia.

Points in Favor

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Points Against

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