# 119-s-1368: TSP Fiduciary Security Act of 2025

119-s-1368, TSP Fiduciary Security Act of 2025, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1368
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1368
- Congress: 119
- Title: TSP Fiduciary Security Act of 2025
- Status: introduced
- Introduced: 2025-04-09
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**national-security-focused fiduciary standard**. This bill would require the Federal Retirement Thrift Investment Board to prioritize preventing Thrift Savings Plan investments and voting from harming U.S. national security. It would also bar certain China-linked holdings in the TSP Mutual Fund Window and provide a temporary liability shield for fiduciaries through 2026 while new rules and reporting are put in place. - Federal employees and service members would see their Thrift Savings Plan managed with a primary duty to avoid investments or votes that could harm national security, including a presumption against investments tied to listed Chinese military companies and similar listed entities. - The Federal Retirement Thrift Investment Board and its fiduciaries would face a new statutory duty focused on national security, called the D-prong, and receive protection from personal monetary liability for actions under that duty until January 1, 2027. - The Department of Labor would have one year to write implementing regulations after enactment, following consultation with Defense, Justice, Homeland Security, and Treasury, and the bill would ban PRC-based entities from the Mutual Fund Window while requiring reports to Congress starting two years after enactment and annually thereafter.

## Provisions PRIA read

- Annual TSP security reports to Congress: benefit, low. If enacted, the Secretary of Labor would report to two congressional committees not later than two years after enactment and every year after. Reports would list TSP investments and votes reviewed for national-security compliance. Reports would state the enforcement outcome for each review and expl…
- New national-security duty for TSP: mixed, medium. If enacted, the bill would require TSP fiduciaries to avoid investments or shareholder votes that would harm U.S. national security. The Secretary of Labor would write rules within one year, after consulting Defense, Justice, Homeland Security, and Treasury. The rules would set standards for invest…
- Temporary fiduciary shield for TSP: mixed, medium. If enacted, the bill would protect TSP fiduciaries from personal money damages and civil penalties for breaches of the new national-security duty in subsection (b)(1)(D). The shield would take effect on enactment. The protection would end beginning January 1, 2027. The shield would cover only breac…
- Ban on China investments in TSP window: mixed, low. If enacted, any mutual fund offered through the TSP mutual fund window would be barred from holding securities of companies based in the People's Republic of China. The ban would also cover subsidiaries owned or operated by those companies. TSP participants who use the mutual fund window could lose…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-4782: ReportScams.gov Act
- 119-s-4280: SAFE Act
- 119-s-690: Overdose RADAR Act

## Sources
- [119-s-1368 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1368)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4782: ReportScams.gov Act](https://policyrisk.com/legislation/119-s-4782)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-690: Overdose RADAR Act](https://policyrisk.com/legislation/119-s-690)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1368 (as of 2026-04-21).