Bill · S. 1368· Senate(119-S-1368)
TSP Fiduciary Security Act of 2025
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- Rick Scott
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The ``TSP Fiduciary Security Act of 2025'' amends title 5 of the United States Code regarding the Thrift Savings Fund. It establishes a new fiduciary duty for the Federal Retirement Thrift Investment Board to prevent fund investments and voting rights from harming national security. The bill directs the Secretary of Labor to create regulations and standards for these investments and voting rights. It also creates a presumption that certain investments in entities on specific lists are non-compliant. Additionally, it prohibits mutual funds accessible through the TSP mutual fund window from investing in entities based in the People's Republic of China.
Yes
Would people over 65 be better off under this?+5
Protects the national security interests of the fund held by federal retirees.
Would veterans be better off under this, taking everything together?+5
Protects the investment interests and national security of service members' retirement funds.
Would retired people be better off under this?+5
Safeguards the Thrift Savings Fund against national security risks for federal retirees.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Protecting National Security Interests: The bill establishes a duty for the Federal Retirement Thrift Investment Board to prevent investments and the exercise of voting rights from harming the national security of the United States (Section 2; Section 3).
-
Clear Guidelines for Compliance: The Secretary of Labor is required to prescribe regulations that include specific standards for determining if investments and voting rights comply with national security requirements (Section 4).
-
Presumptive Protections Against High-Risk Entities: The bill sets a presumption that investments are non-compliant if they involve entities on the list of Communist Chinese military companies or the Department of Commerce's entity list (Section 4).
-
Restrictions on High-Risk Transactions: The bill establishes that voting rights may be considered non-compliant if they involve transactions that reduce the production of critical technology or industrial resources essential to national defense (Section 4).
-
Prohibition of Certain Foreign Investments: The bill prohibits mutual funds accessible through the TSP mutual fund window from including investments in entities based in the People's Republic of China or their subsidiaries (Section 5).
Potential Negative Impacts for People
-
Limited Liability for Fiduciaries: The bill includes a provision stating that no fiduciary shall be personally liable for monetary damages or civil penalties regarding a breach of the new national security requirement, though this protection ceases on January 1, 2027 (Section 3).
-
Presumption of Non-Compliance for Specific Entities: Under the new regulations, an investment is presumed not to comply if it invests in certain entities, such as those on the list of Communist Chinese military companies or the Department of Commerce's entity list (Section 4).
-
Restrictions on Voting Rights: The bill outlines specific scenarios where the exercise of voting rights—such as approving transactions that affect critical technology or industrial resources—could be deemed non-compliant (Section 4).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+5Good For Seniors+5Good For Veterans+5
- 4/9/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.