Sec. 3. Fiduciary responsibilities with respect to Thrift Savings Fund
146 words·~1 min read·
/bill/118/s/149/is/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8477 of title 5, United States Code, is amended— in subsection (b)(1)— in subparagraph (B), by striking ; and and inserting a semicolon; in subparagraph (C), by striking the period at the end and inserting ; and ; and by adding at the end the following: to the maximum extent practicable, by preventing the investments of the Thrift Savings Fund (or portions thereof), and the exercise of voting rights associated with any such investments, from harming the national security of the United States. ; and in subsection (e), by adding at the end the following:
Notwithstanding any other provision of this subsection, no fiduciary shall be personally liable for any monetary damages, or be assessed any civil penalty, under this subsection with respect to a breach of the requirement under subsection (b)(1)(D). Subparagraph
(A)shall cease to have effect beginning on January 1, 2025. .