Federal Managers Association
In the News
- A Senator Is Once Again Trying to Keep TSP Investments Out of China - February 7, 2023
By Erich Wagner, Government Executive
A Republican senator last week reintroduced legislation aimed at preventing the federal government’s 401(k)-style retirement savings program from investing in Chinese corporations.
The TSP Fiduciary Security Act (S. 149), sponsored by Sen. Marco Rubio, R-Fla., requires the Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan, to consider national security matters as part of its fiduciary duty to participants, and specifically bars the TSP from investing in “Communist Chinese military companies.”
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