HR 3295
Prohibiting TSP Investment in China Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Prohibiting TSP Investment in China Act, aims to prevent the Thrift Savings Plan (TSP), a retirement fund for federal employees, from investing in any entity based in China or its subsidiaries. It seeks to protect the fund’s assets and align with U.S. security and economic interests, particularly given concerns about Chinese corporate practices. The bill requires the TSP to divest any existing investments that violate this restriction and prohibits future investments in Chinese entities through mutual funds.
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Primary sponsor
Cosponsors
C. Scott Franklin
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