HR 7113
TSP Act of 2022
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, also known as the Terminating Securities from Putin Act of 2022, restricts the Thrift Savings Plan (TSP) from investing in any securities or entities based in Russia. It prohibits investments in Russian companies and their subsidiaries through both the main TSP fund and the TSP mutual fund window. The bill requires the Federal Retirement Thrift Investment Board to review and divest any existing investments that violate these restrictions within 30 days of enactment. The goal is to prevent U.S. retirement funds from supporting the Russian economy.
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