Bloomberg Law
March 14, 2022, 10:00 AM

Republican Questions Russian, Chinese Exposure of Public Funds

Ellen M. Gilmer
Ellen M. Gilmer

A Republican senator is demanding answers on whether federal retirement plans invest in Russian and Chinese securities.

  • Sen. Tommy Tuberville (R-Ala.) on Monday sent a letter to the Federal Retirement Thrift Investment Board seeking transparency on the Thrift Savings Plan used by millions of federal workers and members of the military. The senator wants to know whether the board has policies against investing the funds in Chinese securities, and whether it invests or plans to invest funds in Russian securities
  • The issue of foreign exposure is a particular concern for Tuberville, who has introduced legislation that would prohibit the TSP ...