Federal Thrift Savings Board Insists on Investing in China Stock

Federal Thrift Savings Board Insists on Investing in China Stock
Sen. Marco Rubio on Capitol Hill in Washington on Jan. 29, 2019. Joshua Roberts/Reuters
Mark Tapscott
Updated:

WASHINGTON—Sen. Marco Rubio (R-Fla.) is taking action in the wake of the Thrift Savings Board’s (TSB) refusal to reverse its decision earlier this year to invest billions of dollars saved by federal employees and members of the U.S. military in Chinese firms connected to Beijing’s military research and development.

“It’s unconscionable that the Federal Retirement Thrift Investment Board did not reverse their short-sighted—and foolish—decision to transfer the retirement savings of our service members and federal employees to the Chinese Communist Party,” Rubio told The Epoch Times on Nov. 14.

Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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