TSP Fiduciary Security Act of 2026

This bill adds a new duty for those who manage the federal Thrift Savings Fund, the retirement savings plan for federal workers and service members: to the extent practicable, they must keep the Fund's investments and shareholder votes from harming U.S. national security. The Secretary of Labor, working with other agencies, would write rules within one year, including a presumption that investments in companies on certain Chinese military and Commerce Department lists do not comply. Certain shareholder votes, such as approving deals that move defense-related technology to countries like China or Russia, would also be presumed not to comply. Managers could not be held personally liable for money damages for breaking this new duty until January 1, 2027. The bill also bars mutual funds offered through the plan's mutual fund window from holding securities of companies based in China, and requires yearly reports to Congress on compliance reviews.

Full text and official record on Congress.gov

Sponsors

• Randy Fine Republican sponsor
• 4 cosponsors