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Prohibiting TSP Retirement Fund Investments in Chinese Companies

This act aims to protect the retirement savings of federal and military employees. It prohibits the Thrift Savings Plan (TSP) from investing in companies based in China, safeguarding funds from risks associated with these companies' activities. This means your retirement money will be invested in other, safer assets.
Key points
TSP retirement funds, used by approximately 6 million federal and military employees, will be prohibited from investing in Chinese companies.
The act mandates divesting existing investments from Chinese companies within 30 days of enactment and reinvesting them in other permissible assets.
These changes will not increase management fees for TSP participants.
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Expired
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Additional Information
Print number: 117_HR_3295
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2021-05-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Prohibiting TSP Investment in China Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3295.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-18.

What are the main provisions?

Key points include:

  • TSP retirement funds, used by approximately 6 million federal and military employees, will be prohibited from investing in Chinese companies.
  • The act mandates divesting existing investments from Chinese companies within 30 days of enactment and reinvesting them in other permissible assets.
  • These changes will not increase management fees for TSP participants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Banks, Jim [R-IN-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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Economy Benefits Security