“Unfitting,” Indeed - No TSP for the CCP

This is Frank Gaffney with the Secure Freedom Minute.

Within hours of the board that oversees the federal government’s $800 billion retirement fund giving the Chinese Communist Party access to its participants’ money, four Biden nominees to that board have signaled that they oppose the practice.

In a letter to Senators holding up their confirmation, the nominees to the Federal Retirement Thrift Investment Board wrote, “We agree it is unfitting for Americans to invest in companies from China or elsewhere that undermine U.S. national security.” Since that’s what the Chinese Communists are all about, and since every Chinese corporation must do their bidding, none should have access to Thrift Savings Plan funds.

To assure military and civilian government employees won’t unwittingly invest in our enemy, the Senate must not confirm these nominees until all Chinese companies are removed from mutual fund offerings endorsed by the current Thrift Savings Plan board membership.

This is Frank Gaffney.