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TSP Act of 2023

USA118th CongressS-1650| Senate 
| Updated: 5/17/2023
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (5)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Rick Scott (Republican)Dan Sullivan (Republican)Josh Hawley (Republican)

Homeland Security and Governmental Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-2791
TSP Act

Bill from Previous Congress

S 117-1742
TSP Act
May 17, 2023

Latest Companion Bill Action

HR 118-3455
Introduced in House
May 17, 2023
Introduced in Senate
May 17, 2023
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • Bill from Previous Congress

    S 116-2791
    TSP Act


  • Bill from Previous Congress

    S 117-1742
    TSP Act


  • May 17, 2023

    Latest Companion Bill Action

    HR 118-3455
    Introduced in House


  • May 17, 2023
    Introduced in Senate


  • May 17, 2023
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Government Operations and Politics

Related Bills

  • HR 118-3455: TSP Act

TSP Act of 2023

USA118th CongressS-1650| Senate 
| Updated: 5/17/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-2791
TSP Act

Bill from Previous Congress

S 117-1742
TSP Act
May 17, 2023

Latest Companion Bill Action

HR 118-3455
Introduced in House
May 17, 2023
Introduced in Senate
May 17, 2023
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • Bill from Previous Congress

    S 116-2791
    TSP Act


  • Bill from Previous Congress

    S 117-1742
    TSP Act


  • May 17, 2023

    Latest Companion Bill Action

    HR 118-3455
    Introduced in House


  • May 17, 2023
    Introduced in Senate


  • May 17, 2023
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (5)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Rick Scott (Republican)Dan Sullivan (Republican)Josh Hawley (Republican)

Homeland Security and Governmental Affairs Committee

Government Operations and Politics

Related Bills

  • HR 118-3455: TSP Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted