The CCP in the TSP
$730 Billion at Risk
CPA Data Shows Federal Retirement Funds Flowing to CCP Companies
Explore the Funds
"The coalition, using data compiled in June by advocacy group the Coalition for a Prosperous America, looked into five of the larger international mutual funds offered by Fidelity, State Street, BlackRock, Vanguard Group and Dimensional Fund Advisors. The group found that the funds were weighted 14% to 33% toward Chinese securities. They found companies that face allegations of engaging in forced labor of the Uyghurs. They also found a number of companies in the funds that appear on two government lists—the Defense Department list of companies linked to the Chinese military or the Commerce Department’s “entity list” of companies subject to trade sanctions.”
Wall Street Journal, August 3, 2022
The CCP in the TSP
The retirement savings of millions of government employees, active duty service members, veterans, and retired federal workers — billions in taxpayer dollars — is now available for Wall Street firms to invest in Chinese Communist Party (CCP) controlled companies via the Thrift Savings Plan (TSP). Without White House or Congressional intervention, federal employees' retirement savings are in jeopardy.
In 2019, the Federal Retirement Thrift Investment Board (FRTIB) tried to include CCP-controlled companies in the Thrift Savings Plan, the world's largest defined contribution retirement fund. A bipartisan effort in Congress stopped it. But Wall Street is back, claiming they want to give TSP investors more choices., while we support informed choices, we believe TSP investors have a right to know if the funds they are buying include CCP-controlled companies.
Tell the White House and your Members of Congress to stop Wall Street's plan to invest federal workers' retirement savings in the CCP.
The TSP at Risk
$730+ Billion in Federal Employee Retirement Savings
The TSP is the world’s largest defined contribution fund
Who Wins?
Chinese Companies & the CCP
Who violate U.S. securities laws with impunity, while using U.S. investment dollars to preserve their regime
Who Loses?
American Taxpayers
Especially the more than 6 million TSP participants
The No TSP for the CCP Coalition
The Facts
Chinese companies included in the top 5 U.S. international mutual funds are attracting billions of dollars in U.S. investment, despite being in violation of U.S. federal securities laws, posing serious national security risks, and committing grave human rights atrocities. Some of these companies have been sanctioned by the US. government, but are still participating in U.S. capital markets. Yet, the TSP Board has made clear, in publicly available meeting minutes, it has no intention of screening the 5,000 mutual funds now available for TSP investment to ensure they do not include US-sanctioned or other Chinese corporate “bad actors.” They claim that this information, which is readily available from the fund managers, “would prove too costly for the plan” to provide to participants.
Learn more about the risk of American taxpayer retirement accounts and U.S. mutual funds investing in unaccountable Chinese companies.
DOWNLOAD TSP & CCP FACTSHEETS
Latest News
Rubio Rips Military Retirement Board for ‘Risking American Money'
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Federal Retirement Savings Must Not Be Invested in Chinese Corporate Human Rights Abusers
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CPA Letter to President Biden Opposing Investing in Federal Retirement Dollars in Chinese Companies
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Roger Robinson, Jr.: Chinese, Russian Companies Still on the U.S. Indexes
Rubio Rips Military Retirement Board for ‘Risking American Money' • Federal Retirement Savings Must Not Be Invested in Chinese Corporate Human Rights Abusers • CPA Letter to President Biden Opposing Investing in Federal Retirement Dollars in Chinese Companies • Roger Robinson, Jr.: Chinese, Russian Companies Still on the U.S. Indexes
CCP in the TSP News
Hong Kong Watch | December 3, 2022
Global Coalition Urges Leading Asset Managers to Divest from Uyghur Forced Labour
End Uyghur Forced Labor | November 21, 2022
MSCI Investors at Risk of Exposure to Xinjiang Allegations, Report Says
Financial Times | November 20, 2022
America’s Military Is Funding China’s Military
Sen. Rubio hammers continued TSP investment in China
Federal News Network | August 16, 2022
TSP Investments in China: No TSP for the CCP?
Sen. Rubio questions Thrift Savings Plan’s exposure to Chinese Companies
Pensions & Investments | August 8, 2022
Rubio Demands Biden Administration Protect Military Retirement Funds from China
Thrift Savings Plan Implementing New Mutual Fund Window
Biden Admin Concedes Chinese Investments in Federal Retirement Fund are ‘Unfitting'
Uyghur American Association | May 27, 2022
Lawmakers Warn about Federal Investment in Chinese Atrocities and Military
National Review | May 27, 2022
GOP Senators Issue a Last-Minute Demand that the TSP Delay Mutual Fund Window
Government Executive | May 27, 2022
Marco Rubio, Rick Scott Urge FRTIB to Protect Federal Retirement Dollars From Chinese Companies
Federal Retirement Savings Must Not Be Invested in Chinese Corporate Human Rights Abusers
National Review | May 18, 2022
Rep. Banks Reintroduces Bill to Prohibit TSP Investment in Chinese Companies
Federal Employees Should Not Invest Their Retirement Savings in Chinese Companies
CPA Letter to President Biden Opposing Investing in Federal Retirement Dollars in Chinese Companies
Possibility of TSP Investments in China Results in Hold on FRTIB Nominees
Roger Robinson, Jr.: Chinese, Russian Companies Still on the U.S. Indexes
Rubio Rips Military Retirement Board for ‘Risking American Money'
Fox Business | May 5, 2022
1/2-#NoTSP4CCP FAQ - Coalition For A Prosperous America-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... https://t.co/s1giqpYz2X
— Dan DiMicco (@DanRDimicco) May 26, 2022
