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Protecting Retirement Savings: Banning Investments in Risky Foreign Securities.

This act aims to protect federal employees' retirement savings by prohibiting the investment of their funds in securities of companies linked to countries deemed a threat to U.S. security. This means your money in the Thrift Savings Fund will be safer, as it won't be exposed to risks associated with unstable foreign markets or companies from countries of concern.
Key points
Prohibits investment of Thrift Savings Fund monies in securities of companies from countries identified as national security threats to the U.S.
Defines which countries and types of securities are prohibited, including those purchased in synthetic form or through mutual funds.
Requires regular consultation with the Securities and Exchange Commission to ensure compliance with the new rules.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_3455
Sponsor: Rep. Waltz, Michael [R-FL-6]
Process start date: 2023-05-17
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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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3455.

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 2023-05-17.

What are the main provisions?

Key points include:

  • Prohibits investment of Thrift Savings Fund monies in securities of companies from countries identified as national security threats to the U.S.
  • Defines which countries and types of securities are prohibited, including those purchased in synthetic form or through mutual funds.
  • Requires regular consultation with the Securities and Exchange Commission to ensure compliance with the 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 Rep. Waltz, Michael [R-FL-6].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security