Congress·In Committee·S. 1368

TSP Fiduciary Security Act of 2025

Congress Proposes Ban on Chinese Investments for Federal Employee Retirement Accounts

Apr 9, 2025·View on Congress.gov·Read full text

Part of: Congressional bill proposes banning the Thrift Savings Plan from investing in Ch

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A senate committeeNo action in 15 months

A senate committee must act next: committee consideration.

Legislative Progress

Senate

No action since April 2025

House

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from S. 149 (118th), which died when its Congress ended.
S. 149 (118th) →

Key Points

This bill changes how the Thrift Savings Plan (TSP)—the retirement system for federal workers and military members—is managed. It requires the board in charge to make sure that investments do not harm U.S. national security.
The plan would be banned from investing in companies linked to the Chinese military or those on government watchlists. This affects millions of current and former federal employees and service members who have money in the TSP.
The bill also blocks the 'mutual fund window' in the TSP from offering any funds that include companies based in China. This is meant to ensure that the retirement savings of those who serve the country are not funding foreign interests that might work against the U.S.
New rules would be created for how the fund votes on company decisions. It would prevent the fund from supporting moves that outsource critical defense technology or materials to countries like China, Russia, Iran, or North Korea.
The Secretary of Labor would have one year to set up these new regulations. To give the people managing the money time to adjust, they would not be personally liable for these specific security rules until 2027.

National Security Foreign PolicyEconomy FinanceLabor Employment

Impact Analysis

Personal Impact

Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works

Life & Work

This bill directly changes how the Thrift Savings Plan (TSP) — the main retirement savings account for about 6.5 million federal workers — is invested. The new national security restrictions could limit the range of available investment options and potentially affect returns if certain high-performing international funds are restricted. On the other hand, supporters argue it protects workers by ensuring their savings don't inadvertently fund adversaries. The net effect on returns is uncertain.

ImpactCertaintyScopeDurationSentiment

Programs

Milestones

2 milestones2 actions

Apr 9, 2025Senate

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Apr 9, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

6 articles

FedSmith·Feb 18

New Legislation Seeks To Prohibit TSP Investment In Adversary Nations

Legislation introduced by Rep. Randy Fine (R-FL) would prohibit the Thrift Savings Plan (TSP) from investing in adversary nations like China, Russia, and Iran. The bill aims to incorporate national security interests into the fiduciary responsibilities of the board managing the $1 trillion fund.

Center

Florida Politics·Feb 6

Delegation for 2.6.26: Open for business — spaced — Iran — Artemis — whales

Rep. Randy Fine introduced the TSP Fiduciary Security Act to stop the federal retirement board from directing money to hostile nations. The bill includes exceptions for defense and critical technology but specifically bans China-based companies from being offered in the mutual fund window.

Center

The Floridian·Feb 5

Randy Fine Introduces Bill Preventing TSP Investment in Adversarial Countries

Representative Randy Fine (R-FL) has introduced legislation to prevent the investment of Thrift Savings Plan (TSP) funds in countries deemed adversarial. The TSP Fiduciary Security Act blends national security interests into the system to prevent retirement funds from supporting foreign threats.

Center Right

No votes recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

TSP Fiduciary Security Act of 2025

Bill NumberS 1368

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Analysis generated by AI. Always verify with official sources.