TSP Fiduciary Security Act of 2026
House Bill Would Ban Federal Retirement Fund From Investing in Chinese Military Companies
Legislative Progress
Key Points
- This bill changes how the Thrift Savings Plan (TSP) is managed. The TSP is the retirement system for millions of federal workers and military members. If passed, the people in charge of the fund would be legally required to make sure their investment choices do not harm U.S. national security.
- The policy specifically targets investments in countries like China, Russia, Iran, and North Korea. It would ban the TSP from investing in Chinese military companies or any business on certain government blacklists. This includes any investment options found in the TSP's special mutual fund window.
- Supporters are concerned that retirement savings from U.S. government employees are being used to fund foreign companies that work against American interests. The bill aims to ensure that while federal workers save for the future, their money isn't supporting technologies or militaries that could threaten the U.S.
- The bill also changes how the fund uses its voting power in companies. It would prevent the fund from voting in favor of deals that move critical defense technology to foreign rivals or electing board members who have ties to Chinese military companies.
- The Department of Labor would work with defense and intelligence agencies to create strict rules for these investments. They would also have to send a report to Congress every year explaining which investments were checked and what actions were taken to protect national security.
Impact Analysis
Personal Impact
Life & Work
This bill directly changes how the Thrift Savings Plan (TSP) — the retirement savings account for about 6.7 million federal civilian employees — invests its money. The fund would be required to avoid investments that could harm U.S. national security, particularly in Chinese companies and those on government blacklists. This could limit some investment options and potentially affect returns, but supporters argue it protects workers from unknowingly funding adversaries. The mutual fund window would also be restricted from including Chinese-based companies.
Programs
Milestones
Referred to the House Committee on Oversight and Government Reform.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
4 articles
TSP Bill Seeks to Prevent Fund from Investing in China
Rep. Randy Fine (R-FL) introduced the TSP Fiduciary Security Act of 2026 to prevent the $1 trillion Thrift Savings Plan from investing in 'Countries of Concern.' The bill incorporates national security interests into the fiduciary responsibilities of the fund's management.
Legislation Would Ban TSP Investments in Adversary Nations
If passed, the TSP Fiduciary Security Act would prevent the Thrift Saving Plan funds from being invested in countries of concern, such as China, Cuba, Iran, Russia, North Korea, Syria, Sudan, and Venezuela, specifically targeting the mutual fund window.
Delegation for 2.6.26: Open for business — spaced — Iran — Artemis — whales
Rep. Randy Fine introduced the TSP Fiduciary Security Act in the House to block federal retirement investments in companies tied to China and other hostile nations. Sen. Rick Scott is carrying the companion bill in the Senate, arguing retirement dollars should never fund 'enemy nations.'
Source Information
Document Type
Congressional Bill
Official Title
TSP Fiduciary Security Act of 2026
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.