S 1368 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill sets new rules for how the Thrift Savings Fund, which is a retirement savings plan for federal employees, can invest money. It requires the people managing the fund to avoid investing in companies that could hurt U.S. national security, including certain Chinese military companies identified by the Department of Defense and the Department of Commerce. Starting January 1, 2027, managers who break these rules could be personally responsible for money damages and face fines. The bill also blocks mutual funds available through the plan from investing in any company based in China or any of that company's subsidiaries.
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