TSP Act of 2023

This bill prohibits the Thrift Savings Fund (TSP), which invests retirement savings for federal employees and retirees, from purchasing or holding any "security of concern." A "security of concern" includes stocks or investments tied to companies based in, or generating significant revenue from, countries identified as national security threats by the Director of National Intelligence. The rule bans these investments directly and through indirect methods like derivatives or mutual funds, with the TSP Executive Director required to consult the Securities and Exchange Commission biennially to ensure compliance. The policy change directly affects TSP investment options and participant retirement accounts.