Bills · S 1368
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1368Government Operations and Politics
TSP Fiduciary Security Act of 2025
INTRO APR 9· LAST ACTION APR 9
READING
8MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to ensure that the retirement savings of federal employees and military personnel are not inadvertently supporting entities or activities that could undermine U.S. national security. In a world with increasing geopolitical tensions, some believe it's important to align financial investments, even private ones held by federal workers, with broader national interests.
If this bill becomes law, it could change the landscape of TSP investments, potentially leading to the exclusion of certain global companies from the fund's portfolio. This might spark debate about balancing financial returns for beneficiaries against national security objectives. If it doesn't pass, TSP investments would continue to be governed by existing fiduciary duties, which prioritize financial interests but don't explicitly include national security as a primary investment criterion.
KEY PROVISIONS
5AI-extractedPROVISION 01
Adds a new fiduciary duty to the Federal Retirement Thrift Investment Board (FRTIB) to prevent investments and associated voting rights from harming U.S. national security.
This fundamentally changes the responsibilities of those managing federal employee and military retirement funds, adding a national security lens to investment decisions.
PROVISION 02
Directs the Secretary of Labor, in consultation with other agencies, to create regulations within one year to define and implement this new national security duty.
These regulations will provide the specific rules and standards that TSP fiduciaries must follow to comply with the new duty.
PROVISION 03
Presumes that investing in certain entities, such as Communist Chinese military companies or those on the Commerce Department's entity list, harms national security.
This provision provides concrete examples of prohibited investments, giving clear guidance on what constitutes a national security risk.
PROVISION 04
Presumes that certain voting actions, like approving transactions that outsource critical defense technologies to designated 'covered countries' (e.g., China, Russia), harm national security.
This expands the national security duty beyond just investment selection to include how the TSP exercises its influence as a shareholder.
PROVISION 05
Provides a temporary exemption for fiduciaries from personal liability for monetary damages or civil penalties related to this new national security duty until January 1, 2027.
This gives fiduciaries a grace period to adapt to the new regulations without immediate personal financial risk.
SPONSORSHIP
1 + 0
R· Florida
YRS IN OFFICE
7
BILLS LED
185
ACTION TIMELINE
2 EVENTSAPR 9
Introduced in Senate
APR 9
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
BILL INFO
TypeSenate Bill
NumberS 1368
Congress119th
StatusIn Committee
IntroducedApr 9, 2025
Last actionApr 9, 2025
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IN COMMITTEE· 119TH CONGRESS · HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS COMMITTEE · INTRODUCED APR 9, 2025
Senate BillS 1368Government Operations and Politics
TSP Fiduciary Security Act of 2025
INTRODUCED APR 9, 2025· LAST ACTION APR 9, 2025
PASSAGE CHANCES
—%
READING
8 min
COSPONSORS
0
COMPLEXITY
Moderate
