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S. 2791 (116th): TSP Act

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About the bill

Millions of military members, veterans, and federal employees could unwittingly be putting their money behind Chinese-owned corporations.


The federal government’s Thrift Savings Plan (TSP) is a retirement investment program for federal employees and military members. As of February, it held $631.3 billion in assets and had 5.8 million participants. Essentially, it’s a public sector equivalent to a private sector 401(k) plan.

The program is administered by the five-member Federal Retirement Thrift Investment Board (FRTIB). Republicans claim that “all five [board members] were appointed by President Obama,” which is technically true. However, two of them — Michael Kennedy and David Jones — were most recently confirmed in 2015 by a Republican Senate.

A board-approved change in 2017, scheduled to go into effect this year, would move one …

Sponsor and status

Marco Rubio

Sponsor. Senator for Florida. Republican.

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Last Updated: Nov 6, 2019
Length: 3 pages
Nov 6, 2019
116th Congress (2019–2021)
Died in a previous Congress

This bill was introduced on November 6, 2019, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).


9 Cosponsors (7 Republicans, 2 Democrats)



Nov 6, 2019

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

S. 2791 (116th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 2791. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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“S. 2791 — 116th Congress: TSP Act.” 2019. March 21, 2023 <>

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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.