TSP Act

HR 3455, the TSP Act, prohibits the Thrift Savings Fund (TSP) from investing in any "security of concern." This directly affects federal employees and retirees whose retirement savings are held in the TSP, as their accounts would no longer include certain investments tied to countries identified as national security threats. A "security of concern" includes stocks listed in a "country of concern" (per the Director of National Intelligence's annual report), companies incorporated in such countries, or firms generating over 50% of revenue there. The law bans all forms of these investments, including through mutual funds or synthetic instruments like equity swaps, without exception.