HR 5018 · 116th Congress 2019–2021, ended

TSP Act

Introduced Nov 8, 2019 Originated House Sponsor Mark Meadows R-NC

Latest action · Nov 8, 2019 Referred to the House Committee on Oversight and Reform.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedNov 8, 2019
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Taxpayers and Savers Protection Act or the TSP Act

This bill prohibits any sums in the Thrift Savings Fund from being invested in a security that is listed on an exchange in a jurisdiction in which the Public Company Accounting Oversight Board (1) has never conducted the mandatory inspection or investigation of a registered public accounting firm, and (2) is prevented from conducting such inspection or investigation because of a position taken by an authority in that jurisdiction.

Cosponsors 16

Members who signed on, in the order they did. Signatures ran from Nov 8, 2019 to Dec 4, 2019; 10 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-OH	Bob Gibbs	Original	Nov 8, 2019
R-NC	David Rouzer	Original	Nov 8, 2019
R-IN	Jim Banks	Original	Nov 8, 2019
R-UT	John R. Curtis	Original	Nov 8, 2019
R-NC	Mark Walker	Original	Nov 8, 2019
R-TX	Michael T. McCaul	Original	Nov 8, 2019
R-WI	Mike Gallagher	Original	Nov 8, 2019
R-LA	Ralph Lee Abraham	Original	Nov 8, 2019
R-TN	Scott DesJarlais	Original	Nov 8, 2019
R-OH	Steve Chabot	Original	Nov 8, 2019
R-FL	Bill Posey		Nov 12, 2019
R-GA	Jody B. Hice		Nov 12, 2019
R-FL	Matt Gaetz		Nov 12, 2019
R-FL	Ted S. Yoho		Nov 13, 2019
R-TX	Ron Wright		Nov 14, 2019
R-AZ	Paul A. Gosar		Dec 4, 2019

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Oversight and Government Reform Committee	Referred Nov 8, 2019

Actions 2

Everything that happened, newest first.

Nov 8, 2019Introduced in House
Nov 8, 2019Referred to the House Committee on Oversight and Reform.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 3: To regulate commerce with foreign nations, and among the several states, and with the Indian tribes; and Article I, Section 8, Clause 18: To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.

The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 179, November 8, 2019, page H8740.

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

Product	Title	Kind	Published
IN11507	Capital Markets and the Holding Foreign Companies Accountable Act—S. 945 and H.R. 7000 Archived	Insight	Sep 18, 2020

Related bills 2

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 2791	TSP Act	Identical bill	Nov 6, 2019
HR 6614	TSP Act	Identical bill	Apr 23, 2020

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend title 5, United States Code, to provide that sums in the Thrift Savings Fund may not be invested in securities that are listed on certain foreign exchanges, and for other purposes.
Short Title(s) as Introduced: TSP Act; Taxpayers and Savers Protection Act

Subjects

Assigned by the Library of Congress. Policy area: Government Operations and Politics.

Text 1

Each version as it was printed, newest first.

Nov 8, 2019Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.