Norton to Request GAO Investigation of New TSP Online System and Introduce Bill to Create Inspector General for TSP

WASHINGTON, D.C. – Congresswoman Eleanor Holmes Norton (D-DC) today announced she will request that the Government Accountability Office (GAO) investigate the widespread problems with the new Thrift Savings Plan (TSP) online system and will introduce a bill to establish an inspector general for the Federal Retirement Thrift Investment Board (FRTIB).

"I am deeply concerned about the widespread problems with the new TSP online system," Norton said. "I hear daily from constituents about the many problems with the new system. I will continue to demand immediate fixes to the problems, but we need to understand how this debacle occurred and to create new accountability mechanisms at the FRTIB, which is why I am requesting a GAO report and introducing legislation to create an inspector general at the FRTIB."

Norton sent a letter to FRTIB on June 13, 2022, raising the initial concerns she heard from constituents about the system. FRTIB responded on June 17, 2022. On June 30, 2022, Norton spoke with the Executive Director of FRTIB. The Executive Director promised to give Norton weekly updates on the system.

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