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Prohibiting Federal Retirement Fund Investments in Russian Entities

This act aims to protect federal employees' retirement savings by prohibiting the Thrift Savings Fund from investing in securities of entities based in the Russian Federation. This means your retirement money will not support Russian companies, and any existing investments will be divested and reinvested in safer assets.
Key points
Federal employee retirement funds cannot be invested in Russian companies.
Existing investments in Russian companies must be sold off within 30 days.
Divested funds will be reinvested in other permitted assets.
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Additional Information
Print number: 117_HR_7113
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-03-17
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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

TSP Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7113.

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 2022-03-17.

What are the main provisions?

Key points include:

  • Federal employee retirement funds cannot be invested in Russian companies.
  • Existing investments in Russian companies must be sold off within 30 days.
  • Divested funds will be reinvested in other permitted assets.
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. Budd, Ted [R-NC-13].

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 2025-12-28.

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