"...U.S. Rep. Michael Waltz, R-Fla., has taken up a proposal from a key member of the Trump administration to ensure federal retirement funds are not invested in companies connected to the Chinese military.
Waltz weighed in on the bill at the end of last week.
“It is absolutely crazy for our military and federal employees to be indirectly contributing to China’s military operations – and what’s worse is that nearly all of these people are completely unaware of this situation,” Waltz said.
“Every month, a combined 5.6 million U.S. military members and federal employees contribute to the Thrift Savings Plan (TSP), a 401K-style plan taken out of their paychecks. The TSP, which is administered by the FRTIB, is responsible for over $700 billion in assets, making it one of the world’s largest retirement funds,” the congressman’s office noted. “The specific portion of the retirement plan in question is the I Fund, one of the most important funds with $50 billion in assets..."