Congress is out of session until Monday, November 9 for the midterm campaign. No new roll-call votes until then; the last were the House on Sep 16 and the Senate on Sep 30.

S. 149 · 118th Congress · Government Operations and Politics

TSP Fiduciary Security Act of 2023

Died in committee1.5k words Introduced Jan 30, 2023 · Latest action Jan 30, 2023

FollowRead the text
How far it has goneStopped at 2 of 6 · Died in committee
  1. IntroducedJan 30, 2023 Done
  2. CommitteeDied Jan 3, 2025 Stopped here
  3. Senate floorNot yet Not reached yet
  4. House floorNot yet Not reached yet
  5. Chambers agreeNot yet Not reached yet
  6. PresidentNot yet Not reached yet

What it does

This bill incorporates national security interests into management of the Thrift Savings Fund.

Specifically, the bill requires fiduciaries that are responsible for managing the fund (i.e., the Federal Retirement Thrift Investment Board) to prevent fund investments and associated votes that harm the national security of the United States, including investments in entities on certain lists maintained by the Department of Defense and the Department of Commerce (e.g., Chinese military companies). The Department of Labor must issue implementing regulations that include these and other standards for compliance.

Beginning January 1, 2025, fiduciaries may be held personally liable for monetary damages and may be assessed civil penalties for failing to meet these requirements.

Congressional Research Service · summary of “Introduced in Senate” version · Jan 30, 2023

Who lobbies on it

1 organization · 8 filings · Q1 2023–Q4 2024

One square per quarter since introduction, oldest left. Filled = named it that quarter.

  1. National Treasury Employees Union 8 of 8 quarters
    “H. Res. 890, Amending the Rules of the House of Representatives to establish the Committee on the Elimination of Nonessential Federal Programs. H. Res. 1329, Acknowledging and apologizing for the mistreatment of, and discrimination against, lesbian, gay, bisexual, and transgender individuals who served the United…”

    Q4 2024 filing · $1.2M lobbying spend in 2024, all issues

Organizations that named S. 149 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.

Actions

2 actions · newest first
  1. Jan 30, 2023Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  2. Jan 30, 2023Introduced in Senate