S. 1650 · 118th Congress
TSP Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RubioSponsor5 cosponsors · 1 D, 4 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Taxpayers and Savers Protection Act of 2023 or the TSP Act of 2023
What it does: CRS summary · Introduced in Senate · May 17, 2023
Taxpayers and Savers Protection Act of 2023 or the TSP Act of 2023
This bill prohibits the Thrift Savings Fund from investing in any security that has certain connections to a country of concern. (A country of concern is a country listed in the Annual Threat Assessment that the Office of the Director of National Intelligence provides to Congress. In the 2023 assessment, these countries included China, Russia, Iran, and North Korea.)
A covered security is one that is (1) listed on an exchange in a country of concern; (2) issued by an entity incorporated in or subject to the jurisdiction of such country; or (3) issued by an entity that generates more than 50% of its revenue in a country of concern, consolidates the revenue under generally accepted accounting principles in the United States, and incorporates the revenue into the financial statement of a publicly listed company.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: TSP Act of 2023
Also known as: Taxpayers and Savers Protection Act of 2023
Latest action (May 17, 2023): Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Policy area: Government Operations and Politics · Origin: Senate · Introduced: May 17, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.