With the upcoming 2024 elections, political passions will be running high and Hatch Act allegations about federal employees will be publicized. This may be the first round.
Senator Marco Rubio has introduced legislation to restrict investing TSP money into companies with links to China due to national security concerns.
A bill called the TSP Fiduciary Security Act would require TSP to restrict investments and voting rights to protect national security.
Chinese investments through the TSP mutual fund window are creating political controversy and national security concerns.
Senator Marco Rubio (R-FL) says that OPM’s sick leave policy allowing federal employees to travel out of state for medical care may violate the Hyde amendment.
Four nominees have been confirmed for the FRTIB, the TSP’s governing board. Confirmation moved quickly after Senator Marco Rubio removed a hold on the nominations.
A hold placed on nominees to the FRTIB has been released by Senator Marco Rubio after a commitment was made not to invest in certain Chinese companies.
Six Senators want to stop implementation of the TSP mutual fund window over a national security threat they say it poses from investments in Chinese companies.
Concern over TSP investments in China have led to a hold in the Senate on voting to confirm nominees to the FRTIB.
Senator Marco Rubio (R-FL) shared his ideas on Social Security in a recent interview. The author says they would ultimately turn it into a welfare program.
