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Prohibiting TSP Investment in China Act

New rules ban federal retirement funds (Thrift Savings Plan) from investing in Chinese companies. This aims to protect the retirement savings of approximately 6 million federal civilian and military employees from risks associated with the Chinese economy. Citizens can feel more secure about their retirement funds, as they will be divested from risky investments.
Key points
Federal civilian and military retirement funds (TSP) are prohibited from investing in entities based in China.
Existing investments in Chinese companies must be divested within 30 days of the Act's enactment.
These changes will not increase management fees for TSP participants.
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Expired
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Additional Information
Print number: 117_S_1665
Sponsor: Sen. Tuberville, Tommy [R-AL]
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_S_1665.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-18.

What are the main provisions?

Key points include:

  • Federal civilian and military retirement funds (TSP) are prohibited from investing in entities based in China.
  • Existing investments in Chinese companies must be divested within 30 days of the Act's enactment.
  • 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 Sen. Tuberville, Tommy [R-AL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Benefits Security