S1368Referred to Committee
TSP Fiduciary Security Act of 2025
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-04-09
Introduced
0
Cosponsors
S
ⓘType
Sponsor
Rick Scott
Republican · FL · Senator
Votes with party: 33.2% (322 recorded votes)
Full profile: /officials/S001217
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
2025-04-09
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Homeland Security and Governmental AffairsReferred To · 2025-04-09
Previously
- Homeland Security and Governmental Affairs CommitteeReferred To · 2025-04-09
Plain-English Summary
TSP Fiduciary Security Act of 2025 This bill incorporates national security interests into management of the Thrift Savings Fund. Specifically, the bill requires fiduciaries that are responsible for managing the fund (i.e., the Federal Retirement Thrift Investment Board) to prevent fund investments and associated votes that harm the national security of the United States, including investments in entities on certain lists maintained by the Department of Defense and the Department of Commerce (e.g., Chinese military companies). The Department of Labor must issue implementing regulations that include these and other standards for compliance. Beginning January 1, 2027, fiduciaries may be held personally liable for monetary damages and may be assessed civil penalties for failing to meet these requirements. The bill also prohibits mutual funds that are accessible through an authorized mutual fund window from investing in any entity that is based in China or any subsidiary of such an entity.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
Government Operations and Politics
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