After Budd Bill, TSP Confirms No Russian Investments in Military & Federal Retirement Plans

Washington, D.C. – Rep. Ted Budd (R-NC) released a statement after the Thrift Savings Fund Board, who manages the retirement funds of 6 million members of the U.S. military and the federal civilian workforce, confirmed that there are no retirement investments from Russia.

According to the Federal News Network, the TSP Board took action to confirm that there were no Russian investments after Rep. Budd proposed his “Terminating Securities from Putin Act” on March 17. 

Rep. Budd said in a statement:

“Members of our military and federal workforce should not have to wonder whether or not their retirement investments are coming from Vladimir Putin’s Russia, and I’m glad to see that my bill spurred on this confirmation that there are no Russian investments at this time.”

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