A new bill introduced in the House of Representatives aims to strengthen oversight of the federal government’s retirement savings plan by establishing an independent inspector general for the Federal Retirement Thrift Investment Board.
Congressional Delegate Eleanor Holmes Norton, D-Washington, D.C., introduced the Federal Retirement Thrift Investment Board Inspector General Act of 2025, on May 13. The bill seeks to amend the Inspector General Act of 1978 to include the FRTIB among the federal entities required to have an inspector general.
The FRTIB manages the Thrift Savings Plan, a retirement savings and investment program for 7.2 million federal employees and members of the uniformed services that has $937 billion in assets.
The measure has been referred to the House Committee on Oversight and Government Reform, of which Norton is a member. As a delegate representing Washington, D.C., which does not have a representative, Norton may introduce bills and participate in debate but is ineligible to vote on the bill
