Republican Senator Demands Federal Pension Fund Stop Investing in China
Republican Senator Tommy Tuberville is demanding that the Federal Pension fund not invest in China.
According to The Washington Free Beacon:
Sen. Tommy Tuberville (R., Ala.) introduced legislation to block billions in taxpayer funding from going to China.
AdvertisementThe senator aims to prevent the federal Thrift Savings Plan (TSP), a retirement fund for federal workers and the military, from investing in companies connected to the Chinese military and other Chinese Communist Party operations. In 2019, TSP fund managers announced plans to invest $54 billion in an index fund with roughly 8 percent of its capital going toward Chinese companies. The TSP board put the plan on hold in May 2020, citing uncertainty in world markets caused by the coronavirus pandemic. Tuberville told the Washington Free Beacon his legislation reflects a “common sense” approach to confronting China that restricts Beijing’s access to the wallets of everyday working Americans.
“Not one dime of [our money] needs to go to anything funding the CCP or anything it intends to build against the United States of America or our troops,” Tuberville said. “This is a common-sense approach of doing what we can for military and government workers not to fund what’s going on in China. This should be bipartisan. We can fight back by not sending over money to invest in what they do.”
The Alabama Republican’s bill, introduced Tuesday, would prohibit TSP investment in companies located in China or owned by Chinese entities.
Democrats have used this tactic for some time, notable Democrat-led or run pension funds have cut ties with fossil fuel producers and gun companies.
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Good move, Senator. The problem is that Joe Biden and his Chinese Communist friends are VERY closely tied to each other, by financial apron strings. Expect resistance from Biden and his dope-head son, who is also intimately tied to the CCP.
Nothing talks like money.
Green is joe’s language.
as long as it is not his
Great Move by Tommy and a republican but its only a drop in the bucket of democrat deep state government Corruption and the selling out of America. Why are we putting up with these criminals in the Deep state and their Politicians on both sides, Democrat and R.I.N.O, Why are we letting Biden and these criminals destroy our country. WHY! Something has to be done before its to late if it isn’t already. A lot of people are going to die even if we do or don’t do something to retake our country. This whole thing is a ticking time bomb
why would we be sending money to a communist country
The Chinks of course will take our money and use it to stab us in the back, maybe even in the face. The good Senator gets it.