Randy Fine (R-FL)
TSP Fiduciary Security Act of 2026
A Republican bill with 4 Republican cosponsors · See all 4 cosponsors
Last activity — Referred to the House Committee on Oversight and Government Reform.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The TSP Fiduciary Security Act of 2026 aims to amend federal law regarding the Thrift Savings Fund. It establishes a new fiduciary duty for the Federal Retirement Thrift Investment Board to prevent investments and voting rights from harming United States national security. The bill requires the Secretary of Labor to create regulations and standards to determine compliance with these new security requirements. It also sets specific presumptions for when an investment or vote is considered non-compliant, particularly concerning certain foreign entities and transactions. Additionally, the bill prohibits mutual funds accessible through the mutual fund window from investing in entities based in the People's Republic of China.
Yes· 3 of 8
- Scored +4
Does this make what the government does easier for the public to see?
The bill requires the Secretary of Labor to submit annual reports to Congress regarding the outcome of investment reviews.
- Scored +3
Would people over 65 be better off under this?
The bill protects the integrity of the Thrift Savings Fund, which is a primary retirement vehicle for many seniors.
- Scored +3
Would veterans be better off under this, taking everything together?
The bill protects the investment security of the Thrift Savings Fund, which serves members of the uniformed services.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of National Security Interests: The bill creates a duty for the Federal Retirement Thrift Investment Board to ensure that the Fund's investments and voting rights do not harm the national security of the United States (Section 2).
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Standardized Security Oversight: The Secretary of Labor, in consultation with other high-level officials, will establish clear standards and a review process to ensure investments and voting rights align with national security needs (Section 4(a)(2)(A)).
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Prevention of High-Risk Investments: The bill establishes a presumption that investments are non-compliant if they involve entities on specific high-risk lists, such as Communist Chinese military companies or the Department of Commerce's entity list (Section 4(a)(2)(C)(i)).
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Restrictions on Risky Mutual Funds: The bill prevents mutual funds available through the TSP mutual fund window from including investments in any security from an entity based in the People's Republic of China (Section 5).
Potential Negative Impacts for People
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Limited Liability for Fiduciaries: The bill includes a provision where no fiduciary shall be held personally liable for monetary damages or civil penalties regarding a breach of the new national security investment requirement until January 1, 2027 (Section 3(1)(2)).
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Strict Investment Restrictions: The bill creates various presumptions that could restrict investments, such as those involving transactions that might reduce production of critical technology or those involving entities in "covered countries" like Russia, North Korea, Iran, Syria, Sudan, Venezuela, or Cuba (Section 4(a)(2)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would people over 65 be better off under this? — The bill protects the integrity of the Thrift Savings Fund, which is a primary retirement vehicle for many seniors. Would veterans be better off under this, taking everything together? — The bill protects the investment security of the Thrift Savings Fund, which serves members of the uniformed services. Would middle-income households be better off under this? — The bill aims to safeguard the retirement savings of civil servants and uniformed members through more secure investment standards.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the Secretary of Labor to submit annual reports to Congress regarding the outcome of investment reviews.
- Education And Technology
- Does this make patent and copyright rules fairer? — The bill seeks to prevent transactions that reduce the production of critical technology and essential materials.
- Social Issues And Justice
- Does this strengthen Social Security? — The bill aims to protect the long-term interests of the Thrift Savings Fund beneficiaries by limiting national security risks.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill adds security-based restrictions on how mutual funds are managed within the TSP window.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — By restricting investments in entities that could threaten critical technology, the bill helps protect national security infrastructure.
- 2/10/2026
- 1 Cosponsor added.
- 2/9/2026
- 1 Cosponsor added.
- 2/4/2026
- Referred to the House Committee on Oversight and Government Reform.
- 2 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Pat HarriganRepublican · North Carolina
Nathaniel MoranRepublican · Texas
John RutherfordRepublican · Florida
Elise StefanikRepublican · New York