,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #bijc  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bb1 #bjai,mr4  
,banks introduced the following bill2   
which was referred to the ,committee on 
,oversight and ,reform  ,a ,,bill  ,to  
amend title #e1 ,united ,states ,code1  
to prohibit the ,international ,stock   
,index ,investment ,fund of the ,thrift 
,savings ,fund from investing in any    
entity in peer or near-peer competitor  
nations as outlined in the ,national    
,defense ,strategy1 and for other       
purposes4  #a4 ,short title2 findings   
7a7 ,short title ,this ,act may be cited
 as the ,blocking ,investment ,in ,our  
,adversaries ,act4  7b7 ,findings       
,congress finds the following3  7#a7    
,federal retirement plans1 including the
 ,thrift ,savings ,plan1 invest a total 
of over #eej billion on behalf of their 
plan participants4 ,with such an        
influence1 it is critical that ,u4,s4   
,federal pension plans do not contribute
 to stock earnings for companies        

demonstrated to be linked to the        
economies of peer or near-peer          
competitors1 as outlined in the         
,national ,defense ,strategy4  7#b7     
,large sector international companies   
such as ,huawei have repeatedly         
committed numerous crimes such as       
corporate espionage1 violations of      
,,us-imposed sanctions1 violations of   
international property law1 and theft4  
7#c7 ,the ,thrift ,savings ,plan is the 
preeminent retirement plan for ,federal 
government employees4 ,the plan is      
especially beneficial due to its low    
service fees and high historical        
returns4 ,the provisions outlined in    
this ,act will not increase fees imposed
 on clients of the ,thrift ,savings     
,plan4  7#d7 ,congress acknowledges the 
conflict between fiduciary duties of    
financial investment firms and the      
responsibility to ensure national       
security4  7#e7 ,the ,november #bjag    
selection of the ,,msci ,,acwi ,index by
 the ,federal ,retirement ,thrift       

,investment ,board1 to be effective in  
#bjbj1 violates the terms of this ,act1 
as outlined in section #b4  #b4         
,prohibition on investment of ,,tsp ,i  
,fund in peer and near-peer competitors 
7a7 ,in general ,section #hdch7;b77#d7  
of title #e1 ,united ,states ,code1 is  
amended by adding at the end the        
following3  7,c7 ,the index selected by 
the ,board under subparagraph 7,a7 may  
not include investments in any stock of 
an entity based in a peer or near-peer  
competitor1 including ,china or ,russia4
  4  7b7 ,divestiture of assets ,not    
later than #cj days after the date of   
the enactment of this ,act1 the ,federal
 ,retirement ,thrift ,investment ,board 
7as established under section #hdgb7;a7 
of title #e1 ,united ,states ,code71 in 
consultation with the manager of the    
,thrift ,savings ,fund1 shall--  7#a7   
review whether any sums in the ,thrift  
,savings ,fund are invested in          
contravention of subparagraph 7,c7 of   
section #hdch7;b77#d7 of such title1 as 

added by subsection 7a72  7#b7 if any   
sums are so invested1 and consistent    
with the legal and fiduciary duties     
provided under chapter #hd of such title
 or any other provision of law1 divest  
such sums2 and  7#c7 re-invest the      
divested sums in investments that do not
 contradict such subparagraph4