Sec. 17. Prohibition on investment of TSP I fund in China
156 words·~1 min read·
/bill/116/hr/7007/ih/section-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8438(b)(4) of title 5, United States Code, is amended by adding at the end the following: The index selected by the Board under subparagraph
(A)may not include investments in any stock of an entity based in the People’s Republic of China. . Not later than 60 days after the date of the enactment of this Act, the Federal Retirement Thrift Investment Board (as established under section 8472(a) of title 5, United States Code), in consultation with the manager of the Thrift Savings Fund, shall— review whether any sums in the Thrift Savings Fund are invested in contravention of subparagraph
(C)of section 8438(b)(4) of such title, as added by subsection (a); if any sums are so invested, and consistent with the legal and fiduciary duties provided under chapter 84 of such title or any other provision of law, divest such sums; and re-invest the divested sums in investments that do not contradict such subparagraph.