Despite Bipartisan Opposition, Federal Retirement Board Moves Ahead with Controversial Plan to Invest Federal Retirement Savings in China

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WASHINGTON — Despite bipartisan opposition from lawmakers in the House and Senate, the Federal Retirement Thrift Investment Board (FRTIB) yesterday proceeded to begin investing federal retirement savings from the Thrift Savings Plan (TSP) — the largest defined contribution plan in the world — in bad-actor Chinese companies. The FRTIB’s new Mutual Fund Window will add…

Stopping Taxpayer Dollars & Federal Retirement Investment Going to China

Capital Markets, China, Featured Home Page, IssuesLeave a comment

SUMMARY The U.S. Government is poised to invest billions of taxpayer dollars in Chinese Communist Party (CCP) controlled companies via the U.S. Government retirement system, the Thrift Savings Plan (TSP) which is managed by the Federal Retirement Thrift Investment Board (FRTIB). The TSP’s Mutual Fund Window initiative is scheduled to begin June 1 barring White…

CPA Applauds Effort by Sen. Rubio, Colleagues to Protect Federal Retirement Dollars from Dangerous Chinese Companies

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WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded a letter from U.S. Senator Marco Rubio (R-FL) and his colleagues urging Federal Retirement Thrift Investment Board’s (FRTIB) Acting Chairman David Jones to abandon its plan to open a new “Mutual Fund Window” beginning June 1, 2022 for federal Thrift Savings Plan (TSP) participants.…

#NoTSP4CCP FAQ

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The following FAQ outlines the risks posed by the Federal Retirement Thrift Investment Board’s (FRTIB) unconscionable plan to invest billions of dollars from the Thrift Savings Plan (TSP) — the retirement assets of federal government employees, active duty servicemembers, veterans, and retired civil servants — in companies controlled by the Chinese Communist Party (CCP). In June,…

CPA, Human Rights & National Security Organizations Launch Website Calling on Federal Retirement Board to Abandon Plans to Invest Military, Federal Pensions in China

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WASHINGTON — The Coalition for a Prosperous America (CPA) today, along with a diverse group of organizations, launched NoTSPforCCP.org, a website calling on the Federal Retirement Thrift Investment Board (FRTIB) to abandon its unconscionable plan to invest billions of dollars from the Thrift Savings Plan (TSP) — the retirement assets of federal government employees, active…

CPA Letter to President Biden Opposing Investing Federal Retirement Dollars in Chinese Companies

Capital Markets, China, Issues, Letters & Testimony1 Comment

CPA sent the following letter to President Biden opposing the Federal Retirement Thrift investment Board (FRTIB) proposal to enable hundreds of millions or billions of dollars of federal employee pension money to flow to Chinese state-controlled companies. Dear President Biden, The Federal Retirement Thrift investment Board (FRTIB) is proposing to enable hundreds of millions or…

CPA to Federal Retirement Board: Investing Federal Pension in Chinese Companies is Economic Treason

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WASHINGTON — The Coalition for a Prosperous America (CPA) today called on the Federal Retirement Thrift Investment Board (FRTIB) to abandon reported plans that it is poised to once again to start investing the retirement funds of participants in the Thrift Savings Plan (TSP) in companies owned or controlled by the Chinese Communist Party (CCP).…

CPA Urges Speaker Pelosi to Pass Legislation Imposing Capital Markets and Secondary Sanctions on China and Russia

Capital Markets, China, Issues, Press Release, Trade and TariffsLeave a comment

WASHINGTON — The Coalition for a Prosperous America (CPA) urged House Speaker Nancy Pelosi (D-CA) to prioritize the passage of additional legislation to impose capital markets sanctions and secondary sanctions on Russia and China. Earlier this month, CPA applauded the House for unanimously passing legislation (H.R. 7108) that would repeal permanent normal trade relations (PNTR)…