Bill > HR3364

This bill proposes to amend the Inspector General Act of 1978 to establish an Inspector General (IG) specifically for the Federal Retirement Thrift Investment Board (FRTIB), which manages the Thrift Savings Plan (TSP), a retirement savings and investment plan for federal employees and uniformed service members. The bill makes two key modifications to the existing law: first, it adds the Federal Retirement Thrift Investment Board to the list of agencies that have an Inspector General, and second, it includes the Executive Director of the FRTIB among the leadership positions subject to IG oversight. By creating a dedicated Inspector General for the FRTIB, the bill aims to enhance accountability, improve oversight, and help prevent potential fraud, waste, or abuse within this federal agency responsible for managing federal employees' retirement investments. The bill would formally recognize the FRTIB as an agency requiring independent internal review and ensure that its top executive is subject to the same rigorous oversight as leaders of other federal agencies.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3364/all-info