To amend title 5, United States Code, to address the responsibilities of fiduciaries with respect to the Thrift Savings Fund, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates findings Congress finds the following: The Federal Retirement Thrift Investment Board has a fiduciary duty to manage the Thrift Savings Fund in the best interest of the beneficiaries of the Fund, requires fiduciary responsibilities with respect to Thrift Savings Fund Section 8477 of title 5, United States Code, is amended— in subsection (b)(1)— in subparagraph (B), by striking, and requires review of Thrift Savings Fund for compliance with fiduciary duties Section 8477(f) of title 5, United States Code, is amended— by inserting (1) after (f). It relies on definition changes, compliance mandates, reporting requirements, and product standards. The main policy areas are National Security, Defense, Environment, and Finance.
Who Benefits and How
National security and critical infrastructure stakeholders affected by the bill could face reduced risk and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, National security and critical infrastructure stakeholders affected by the bill would take on compliance duties, and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.
Key Provisions
- Creates findings Congress finds the following: The Federal Retirement Thrift Investment Board has a fiduciary duty to manage the Thrift Savings Fund in the best interest of the beneficiaries of the Fund.
- Requires fiduciary responsibilities with respect to Thrift Savings Fund Section 8477 of title 5, United States Code, is amended— in subsection (b)(1)— in subparagraph (B), by striking.
- Requires review of Thrift Savings Fund for compliance with fiduciary duties Section 8477(f) of title 5, United States Code, is amended— by inserting (1) after (f).
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates findings Congress finds the following: The Federal Retirement Thrift Investment Board has a fiduciary duty to manage the Thrift Savings Fund in the best interest of the beneficiaries of the Fund, requires fiduciary responsibilities with respect to Thrift Savings Fund Section 8477 of title 5, United States Code, is amended— in subsection (b)(1)— in subparagraph (B), by striking, and requires review of Thrift Savings Fund for compliance with fiduciary duties Section 8477(f) of title 5, United States Code, is amended— by inserting (1) after (f).
Key Policy Areas
National Security, Defense, Environment, Finance
Primary Purpose
The bill creates findings Congress finds the following: The Federal Retirement Thrift Investment Board has a fiduciary duty to manage the Thrift Savings Fund in the best interest of the beneficiaries of the Fund, requires fiduciary responsibilities with respect to Thrift Savings Fund Section 8477 of title 5, United States Code, is amended— in subsection (b)(1)— in subparagraph (B), by striking, and requires review of Thrift Savings Fund for compliance with fiduciary duties Section 8477(f) of title 5, United States Code, is amended— by inserting (1) after (f).
Policy Domains
Whole bill
Identified Gains
- National security and critical infrastructure stakeholders affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- National security and critical infrastructure stakeholders affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Rubio introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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