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US Senator plans legislation to block US govt pensions from investing in Chinese stocks

Senator Marco Rubio want legislation to block the Federal Retirement Thrift Investment Board from investing in Chinese stocks

  • The Board delayed a decision on switching the benchmark for its $50 billion TSP I Fund to mirror an index with Chinese assets
  • for at least two weeks
  • Rubio said he would introduce bipartisan legislation “to ensure that federal retirement savings can never be a source of wealth funding the Chinese Communist Party at the expense of our nation’s future prosperity”
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