Following Efforts Led by Select Committee, Federal Retirement Plan Addresses Investments in PRC

WASHINGTON, D.C. – Thanks to efforts led by the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (CCP), the Federal Retirement Thrift Investment Board (FRTIB), the main U.S. federal government pension fund, announced recently that it would exclude People’s Republic of China- and Hong Kong-listed stocks from the index its “International Fund” tracks.

Congressman Raja Krishnamoorthi (D-IL), Ranking Member of the Select Committee, has spearheaded the push to address the issue of the Thrift Savings Plan (TSP) including mutual fund options that invest in PRC entities under U.S. sanctions, highlighting this issue during the Select Committee’s field hearing in New York City in September. Previously, it was reported by Newsweek that more than 115 mutual funds in the TSP contained more than 20 sanctioned or watch-listed PRC companies or their subsidiaries.

“Our Select Committee’s efforts to prevent American capital from supporting CCP military aggression and human rights abuses are gaining traction,” said Ranking Member Krishnamoorthi. “I commend the FRTIB for its decision to exclude PRC- and Hong Kong-listed stocks from the Thrift Savings Plan retirement system used by more than 6 million federal employees, including members of the military. Just as the Select Committee is committed to protecting the American people from harmful CCP policies, it’s also our duty to protect their money too. I look forward to continuing to work with my colleagues on both sides of the aisle to address these problematic outbound investments and identify further legislative action that protects the interests of the American people from the CCP’s economic aggression.”

Ranking Member Krishnamoorthi’s opening statement and questioning of witnesses from the September field hearing on the risks posed by the CCP to American investors and markets can be found here.

在特设委员会的努力下、美国联邦退休储蓄投资委员会应对在中国的投资

华盛顿特区—在众议院美国与中国共产党战略竞争特设委员会的努力下，美国联邦退休储蓄投资委员会（FRTIB）最近宣布投资委员会将把中华人民共和国和香港上市的股票排除在其“国际基金”的指数之外。

特设委员会的资深议员众议员拉贾·克里希纳穆尔蒂 (Raja Krishnamoorthi)(D-IL) 带头推动解决节俭储蓄计划 (简称TSP计划) 问题，包括投资于受美国制裁的中国实体的共同基金选择，资深议员克里希纳穆尔蒂在特设委员会九月在纽约市举行的现场听证会上强调该问题。此前，据《新闻周刊》报道，TSP计划中至少有 115 只共同基金包含 20 多家受制裁或观察名单上的中国公司或其子公司。

资深议员克里希纳穆尔蒂说：「我们特设委员会阻止美国资本投资于中共军事野心和侵犯人权的努力正在获得关注。我赞扬 FRTIB 决定将在超过 600 万联邦雇员（包括军人）的节俭储蓄计划中排除了中国和香港上市的股票。正如特设委员会致力于保护美国人民免受中共有害政策的影响一样，保护他们的财产也是我们的责任。我期待继续与两党同事合作，解决这些有问题的对外投资，并确定进一步的立法行动，保护美国人民的利益免受中共的经济侵略。」

资深议员克里希纳穆尔蒂在 9 月份关于中共对美国投资者和市场构成的风险之现场听证会上的开幕词和对证人的询问可以在此阅读。