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HR7357119th CongressWALLET

TSP Fiduciary Security Act of 2026

Sponsored By: Representative Fine, Randy [R-FL-6]

Introduced

Summary

Adds a national-security fiduciary duty for managers of the Thrift Savings Fund and would direct new rules to stop investments or voting that could harm U.S. national security. The bill pushes national-security tests and limits into how the federal retirement fund picks investments and uses shareholder votes.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 1 costs, 1 mixed.

Annual reports on TSP security reviews

If enacted, the Secretary of Labor would send reports to two congressional committees not later than two years after enactment and then yearly. Each report would list TSP investments and votes reviewed under the new security duty, the enforcement outcome, and the justification for each review.

Temporary liability shield for TSP fiduciaries

If enacted, fiduciaries would be protected from personal monetary damages and civil penalties for breaches of the new national-security duty until January 1, 2027. The immunity would apply only to breaches of that specific national-security requirement.

Ban China funds in TSP window

If enacted, mutual funds offered through the TSP mutual fund window would not be allowed to hold securities of companies based in the People's Republic of China or their subsidiaries. The ban would take effect upon enactment. If you use the mutual fund window, you would lose access to those China-exposed funds.

New national-security rules for TSP

If enacted, TSP fiduciaries would have a new duty to avoid investments and votes that harm U.S. national security. The Secretary of Labor would write implementing rules within one year, consulting Defense, Justice, Homeland Security, and Treasury. The rules would create presumptions of noncompliance for investments linked to listed Chinese military companies or the BIS Entity List, and for votes that risk breaching federal contracts over $10,000,000, outsourcing defense production, or electing directors with specified ties. The bill would define covered votes and list covered countries including China, Russia, North Korea, Iran, Syria, Sudan, Venezuela, and Cuba.

Sponsors & CoSponsors

Sponsor

Fine, Randy [R-FL-6]

FL • R

Cosponsors

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 2/4/2026

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 2/4/2026

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 2/9/2026

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 2/10/2026

Roll Call Votes

No roll call votes available for this bill.

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