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Retirement Savings Protection: Banning Investments in Securities from Threat Countries.

This Act aims to safeguard the retirement savings of federal employees (Thrift Savings Fund – TSP) by prohibiting investments in securities linked to countries identified as threats to U.S. national security. This means retirement money cannot be placed in stocks of companies listed on exchanges in those countries or those generating the majority of their revenue there. The goal is to enhance the security and stability of federal retirement savings for TSP participants.
Key points
TSP retirement funds (for federal employees and uniformed services) are prohibited from investing in securities associated with countries posing a threat to U.S. national security.
The ban covers stocks listed on exchanges in those countries or companies deriving over 50% of their revenue from those jurisdictions.
The change is intended to shield retirement savings from geopolitical and financial risks, directly impacting how retirement funds are managed.
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Additional Information
Print number: 118_S_1650
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-05-17
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TSP Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1650.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-17.

What are the main provisions?

Key points include:

  • TSP retirement funds (for federal employees and uniformed services) are prohibited from investing in securities associated with countries posing a threat to U.S. national security.
  • The ban covers stocks listed on exchanges in those countries or companies deriving over 50% of their revenue from those jurisdictions.
  • The change is intended to shield retirement savings from geopolitical and financial risks, directly impacting how retirement funds are managed.
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 2025-12-26.

CATEGORIES

Economy Labor Security