WASHINGTON—Sens. Marco Rubio (R-Fla.) and Jeanne Shaheen (D-N.H.) want to know why officials with the Federal Retirement Thrift Savings Board (FRTSB) plan to invest nearly $50 billion saved by U.S. civilian and military government employees in a Wall Street index fund that includes Chinese firms known to be tools of Beijing’s communist regime.
“U.S. investors, including the government-managed retirement savings of U.S. service members and other federal employees, should not fund Chinese state-owned or state-directed companies involved in the Communist Party’s military, espionage, human rights abuses, and ‘Made in China 2025’ industrial policy—Chinese activities that run directly counter to our nation’s safety and prosperity,” Rubio told The Epoch Times on Oct. 3.
