TSP Fiduciary Security Act: Protecting Retirement Investments
This act aims to protect the retirement funds of federal and military employees managed by the Thrift Savings Fund (TSP). It introduces new rules to prevent these funds from being invested in companies that could pose a threat to U.S. national security. This means your retirement savings will be managed with a greater focus on national security.
Key points
TSP retirement funds will be prohibited from investing in companies linked to countries deemed a threat to U.S. national security, such as China, Russia, or North Korea.
TSP fund managers must avoid investments and voting rights exercises that could harm national security.
A review process for investments and voting rights is established to ensure compliance with the new security rules.
Status:
Introduced
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