,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cefc  ,,in ,,the ,,house ,,of  
,,representatives  ,november #bj1       
#bjac,mr4 ,langevin 7for himself1 ,mr4  
,blumenauer1 ,mr4 ,capuano1 ,mr4 ,holt1 
,mr4 ,mc,govern1 ,mr4 ,ellison1 and ,mr4
 ,cicilline7 introduced the following   
bill2 which was referred to the         
,committee on ,oversight and ,government
 ,reform  ,a ,,bill  ,to amend title #e1
 ,united ,states ,code1 to provide for a
 corporate responsibility investment    
option under the ,thrift ,savings ,plan4
  #a4 ,short title ,this ,act may be    
cited as the ,federal ,employees        
,responsible ,investment ,act4  #b4     
,findings ,congress finds the following3
 7#a7 ,the ,department of ,labor has    
asserted that socially responsible      
investments meet the fiduciary standards
 set in the ,employee ,retirement       
,income ,security ,act4  7#b7           
,eighty-four percent of mutual fund     
investors would be more likely to invest
 in a fund if one of its principles was 

to invest in companies that engage in   
ethical business practices in terms of  
operations and reporting4  7#c7         
,seventy-one percent of investors agree 
that companies that operate with higher 
levels of integrity carry less          
investment risk1 and #fg percent of     
investors believe that these companies  
deliver better investment returns4  7#d7
 ,the ,united ,states ,national         
,research ,council has established that 
human activity is largely responsible   
for recent climate change and threatens 
significant harm to our ,nation's public
 health and welfare1 security1          
agriculture and forestry1 natural       
resources1 infrastructure1 and economy4 
7#e7 ,in #bjab1 #c1gdj1jjj1jjj1jjj was  
invested in socially responsible funds  
in the ,united ,states4  #c4 ,corporate 
,responsibility ,stock ,index ,fund  7a7
 ,definition ,section #hdch7;a7 of title
 #e1 ,united ,states ,code1 is amended--
 7#a7 by redesignating paragraphs 7#b7  
through 7#aj7 as paragraphs 7#c7 through

 7#aa71 respectively2  7#b7 by inserting
 after paragraph 7#a7 the following3    
7#b7 the term ,corporate ,responsibility
 ,stock ,index ,fund means the fund     
established under subsection            
7b77#a77;,g74  2 and  7#c7 in paragraph 
7#aj71 as redesignated by paragraph 7#a7
 of this subsection1 by striking        
paragraph 7#h77;,d7 each place it       
appears and inserting paragraph         
7#i77;,d74  7b7 ,establishment  7#a7 ,in
 general ,section #hdch7;b77#a7 of title
 #e1 ,united ,states ,code1 is amended--
 7,a7 in subparagraph 7,e71 by striking 
and at the end2  7,b7 in subparagraph   
7,f71 by striking the period at the end 
and inserting 2 and2 and  7,c7 by adding
 at the end the following3  7,g7 a      
,corporate ,responsibility ,stock ,index
 ,fund as provided under paragraph 7#f74
  4  7#b7 ,fund requirements ,section   
#hdch7;b7 of title #e1 ,united ,states  
,code1 is amended by adding at the end  
the following3  7#f7 7,a7 7i7 ,the      
,board shall select a minimum of one    

index which is a commonly recognized1   
passively managed index comprised of    
stocks 7from the ,united ,states or     
international equity markets7 that have 
been analyzed and selected based on     
criteria consistent with the purposes of
 this paragraph4  7ii7 ,the criteria    
under clause 7i7 shall at a minimum     
include-- 7,i7 corporate governance2    
7,,ii7 environmental practices          
7including greenhouse gas emissions and 
contribution to climate change72        
7,,iii7 workplace relations and         
benefits2  7,,iv7 product safety and    
impact2  7,v7 international operations  
and human rights2  7,,vi7 involvement   
with repressive regimes2 and  7,,vii7   
community relations4  7iii7 ,the        
historical performance of each index    
selected under this subparagraph shall  
be comparable to that of the other      
investment funds and options available  
under this subsection4  7,b7 ,the       
,corporate ,responsibility ,stock ,index
 ,fund shall be invested in a portfolio 

designed to replicate the performance of
 the index in subparagraph 7,a7 7or1 if 
more than one index is selected1 the    
overall average performance74 ,the      
portfolio shall be designed such that1  
to the extent practicable1 the          
percentage of the ,corporate            
,responsibility ,stock ,index ,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 7or indexes74  4