Bills · HR 7357
IN COMMITTEE· 119TH CONGRESS
House BillHR 7357Government Operations and Politics
TSP Fiduciary Security Act of 2026
INTRO FEB 4· LAST ACTION FEB 4
READING
8MIN
COSPONSORS
4
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it introduces a new and potentially significant factor—national security—into how the retirement savings of millions of federal employees and military personnel are invested. If this bill becomes law, it means that the goal of protecting U.S. national security will be explicitly weighed alongside financial returns when making investment decisions for the TSP. This could lead to the exclusion of certain investments, particularly those in companies tied to countries deemed adversarial, which might impact the overall diversity or performance of the fund.
If this bill doesn't become law, the TSP's investment decisions would continue to be guided primarily by fiduciary duties focused on financial best interests of beneficiaries, without an explicit mandate to consider national security. The real-world impact is that the investment landscape for federal retirement funds would change, potentially divesting from certain foreign entities and affecting the types of companies the TSP invests in. It reflects a broader debate about whether and how investment vehicles, especially those for public servants, should integrate geopolitical concerns into their financial strategies.
KEY PROVISIONS
4AI-extractedPROVISION 01
Adds a new fiduciary duty for Thrift Savings Fund managers to prevent investments and associated voting rights from harming U.S. national security.
This fundamentally shifts the investment mandate for the TSP, introducing national security as a key consideration beyond financial returns.
PROVISION 02
Requires the Secretary of Labor, in consultation with other national security agencies, to establish regulations and standards within one year to implement and enforce this new national security duty.
These regulations will define exactly what constitutes "harming national security" in investment and voting contexts, providing concrete guidelines for fiduciaries.
PROVISION 03
Creates a presumption that investments in certain foreign entities (e.g., those on specific U.S. government watch lists, or their affiliates) or voting actions that undermine critical U.S. industries or outsource technology to "covered countries" harm national security.
This provision provides clear, specific examples of prohibited investments and actions, significantly narrowing the range of permissible choices for the TSP.
PROVISION 04
Grants a temporary waiver from personal liability for fiduciaries who breach the new national security duty, but this waiver expires on January 1, 2027, after which fiduciaries can be held personally liable.
This provides an initial grace period for fiduciaries to adapt to the new rules but establishes significant personal accountability in the long term for compliance.
SPONSORSHIP
1 + 4
R· Florida
YRS IN OFFICE
1
BILLS LED
30
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 4 IND 0
ACTION TIMELINE
2 EVENTSFEB 4
Introduced in House
FEB 4
Referred to the House Committee on Oversight and Government Reform.
BILL INFO
TypeHouse Bill
NumberHR 7357
Congress119th
StatusIn Committee
IntroducedFeb 4, 2026
Last actionFeb 4, 2026
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · OVERSIGHT AND GOVERNMENT REFORM COMMITTEE · INTRODUCED FEB 4, 2026
House BillHR 7357Government Operations and Politics
TSP Fiduciary Security Act of 2026
INTRODUCED FEB 4, 2026· LAST ACTION FEB 4, 2026
PASSAGE CHANCES
—%
READING
8 min
COSPONSORS
4
COMPLEXITY
Moderate
