Prohibiting TSP Investment in China Act
New rules ban federal retirement funds (Thrift Savings Plan) from investing in Chinese companies. This aims to protect the retirement savings of approximately 6 million federal civilian and military employees from risks associated with the Chinese economy. Citizens can feel more secure about their retirement funds, as they will be divested from risky investments.
Key points
Federal civilian and military retirement funds (TSP) are prohibited from investing in entities based in China.
Existing investments in Chinese companies must be divested within 30 days of the Act's enactment.
These changes will not increase management fees for TSP participants.
Status:
Expired
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