News Snapshot:
The controversy of the Thrift Savings Plan investing in Chinese companies is once again being targeted in new legislation. Senator Tommy Tuberville (R-AL) has introduced the Prohibiting TSP Investment in China Act ( S. 1665 ) which would prevent TSP funds from being invested in any entity based in China. Congressman Jim Banks (R-IN) has introduced companion legislation in the House ( H.R. 3295 ). The intent of the bill is to “send a message of zero tolerance towards Chinese aggression and financial manipulation” according to a press release . Tuberville elaborated on why he feels the legislation helps to...
