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Protecting Retirement Savings: Banning Investments in Risky Foreign Markets.

This act aims to protect federal employees' retirement funds by preventing their investment in securities from foreign exchanges where U.S. oversight bodies cannot fully inspect auditing firms. This is intended to enhance the security of citizens' retirement savings by minimizing risks associated with a lack of financial transparency.
Key points
Prohibits investing retirement funds in securities from exchanges where U.S. financial oversight is limited.
Increases the security of retirement savings by avoiding risky foreign investments.
Requires consultation with the Securities and Exchange Commission to ensure compliance with new rules.
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Expired
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Additional Information
Print number: 117_S_1742
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-05-20
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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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1742.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Prohibits investing retirement funds in securities from exchanges where U.S. financial oversight is limited.
  • Increases the security of retirement savings by avoiding risky foreign investments.
  • Requires consultation with the Securities and Exchange Commission to ensure compliance with new rules.
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. Rubio, Marco [R-FL].

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.

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