TSP Fiduciary Security Act: Protecting Retirement Investments
This act aims to protect the retirement savings of federal and military personnel by ensuring their funds are not invested in entities that could harm U.S. national security. It introduces new rules for managing the Thrift Savings Fund (TSP) to align investments with national security interests, directly impacting the financial stability and security of future retirees.
Key points
The Thrift Savings Fund (TSP) will be prohibited from investing in companies that pose a threat to U.S. national security, including those linked to the Chinese military or on restricted entity lists.
TSP fiduciaries must avoid voting on proposals that could harm national security, such as approving transactions with entities from sanctioned countries.
Regular reviews of TSP investments and voting rights will be conducted to ensure compliance with new security standards, with reports submitted to Congress.
Status:
Expired
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