,,ii  #aagth ,,congress  #ast ,session  
,s4 #affe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ah1      
#bjba,mr4 ,tuberville introduced the    
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to amend title #e1 ,united  
,states ,code1 to prohibit sums in the  
,thrift ,savings ,fund from being       
invested in any security of an entity   
based in the ,people's ,republic of     
,china1 and for other purposes4  #a4    
,short title2 findings  7a7 ,short title
 ,this ,act may be cited as the         
,prohibiting ,,tsp ,investment in ,china
 ,act4  7b7 ,findings ,congress finds   
the following3 7#a7 ,the ,thrift        
,savings ,fund invests more than        
#gjj1jjj1jjj1jjj on behalf of plan      
participants4 ,as the guardian of the   
retirement funds of approximately       
#f1jjj1jjj ,federal civilian and        
military plan participants1 it is       
critical that sums in the ,thrift       

,savings ,fund are not invested in      
securities linked to the economy of the 
,people's ,republic of ,china4  7#b7    
,companies headquartered in the         
,people's ,republic of ,china have      
repeatedly committed corporate          
espionage1 violated sanctions imposed by
 the ,united ,states1 flouted           
international property laws1 committed  
theft1 and failed to comply with audit  
and regulatory standards designed to    
safeguard investors4  7#c7 ,the ,thrift 
,savings ,plan is known for its low     
management fees and comprehensive array 
of investment strategies4 ,the          
provisions of this ,act1 and the        
amendments made by this ,act1 will not  
increase fees imposed on participants of
 the ,thrift ,savings ,plan4  7#d7 ,the 
,november #bjag selection of the ,,msci 
,,acwi ,index by the ,federal           
,retirement ,thrift ,investment ,board1 
initially scheduled to be effective in  
#bjbj1 would violate the terms of       
subsection 7i7 of section #hdch of title

 #e1 ,united ,states ,code1 as added by 
section #b7;a7 of this ,act4  #b4       
,prohibition on any ,,tsp fund investing
 in entities based in the ,people's     
,republic of ,china  7a7 ,in general    
,section #hdch of title #e1 ,united     
,states ,code1 is amended by adding at  
the end the following3  7i7             
,notwithstanding any other provision of 
this section1 no fund established or    
overseen by the ,board may include an   
investment in any security of-- 7#a7 an 
entity based in the ,people's ,republic 
of ,china2 or  7#b7 any subsidiary that 
is owned or operated by an entity       
described in paragraph 7#a74  4  7b7    
,divestiture of assets ,not later than  
#cj days after the date of enactment of 
this ,act1 the ,federal ,retirement     
,thrift ,investment ,board established  
under section #hdgb7;a7 of title #e1    
,united ,states ,code1 shall-- 7#a7     
review whether any sums in the ,thrift  
,savings ,fund are invested in violation
 of subsection 7i7 of section #hdch of  

that title1 as added by subsection 7a7  
of this section2  7#b7 if any sums are  
invested in the manner described in     
paragraph 7#a71 divest those sums in a  
manner that is consistent with the legal
 and fiduciary duties provided under    
chapter #hd of that title1 or any other 
applicable provision of law2 and  7#c7  
reinvest any sums divested under        
paragraph 7#b7 in investments that do   
not violate subsection 7i7 of section   
#hdch of that title1 as added by        
subsection 7a7 of this section4  #c4    
,prohibition on investment of ,,tsp     
funds in entities based in the ,people's
 ,republic of ,china through the ,,tsp  
mutual fund window ,section             
#hdch7;b77#e7 of title #e1 ,united      
,states ,code1 is amended by adding at  
the end the following3  7,e7 ,a mutual  
fund accessible through a mutual fund   
window authorized under this paragraph  
may not include an investment in any    
security of-- 7i7 an entity based in the
 ,people's ,republic of ,china2 or  7ii7

 any subsidiary that is owned or        
operated by an entity described in      
clause 7i74  4