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house Bill H.R. 2903

Should Pension Funds Held for Federal Employees & Military Personnel Not Be Invested Into Chinese & Russian Companies?

Argument in favor

The retirement savings of U.S. federal employees and servicemembers shouldn’t be used to invest in companies headquartered in hostile countries. This is especially true in light of the fact that companies in China and Russia tend to have close ties to those countries’ governments. Consequently, the Thrift Savings Fund’s international investment fund, the “I Fund,” shouldn’t be allowed to invest in Chinese or Russian companies.

Paul's Opinion
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11/10/2019
That is like investment into the enemies economy.
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11/10/2019
Does Russia have any companies? If so, do the Russian people benefit from or invest in them. Just Putin and friends. Not a place we should be investing. The same is pretty much true of China just change the names and realize the government benefits. The question is poorly worded.
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Pat's Opinion
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11/10/2019
I don’t want my TSP threatened in anyway or used to make a political statement. I’m against the current administration changing anything. I don’t trust them to manage my tsp in my best interest.
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Argument opposed

The Thrift Savings Fund’s fiduciary obligation to shareholders means that its highest responsibility is to produce the best possible returns to shareholders. Making the I Fund’s investments more diverse serves that interest and allows investors to see growth generated by companies in countries like China and Russia, despite America’s foreign policy differences with those governments.

jimK's Opinion
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11/10/2019
First off, TSP funds belong to employees of the government and do not belong to the government. The government only collects TSP funds from employee pay with some matching- just like an employee’s 401K funds belong to the employee and not to the employer. The TSP is the federal employee’s 401K plan, funded by a combination of mandatory and elective payroll withdrawals. The TSP was put in place by Reagan when he eliminated the former defined benefit retirement plan for new hires, moved former federal pension funds into the treasury, and ‘marketed’ the values of the TSP plan to entice existing employees to convert their old retirement plans. The large infusion of federal employee’s mandated and elective deposits into indexed funds had a lot to do with the growth of the stock, bond and money markets which have also increased these markets for those counting on their 401K plans. The TSP invests in products to align with well defined and broadly accepted indices, which ensures government accountability and permits participants to make rational risk-reward assessments to rebalance their TSP during the periods when this is permitted. Don’t politicize these funds in order to punish some other government. It destroys any faith that our government is acting in good faith with employee’s retirement funds, undercuts what is now a clear-cut accountability and has a significant potential side effect of damaging all of the 401K plans that many Americans are counting upon. This is one of the many things that politicians should not be mucking about with.
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burrkitty's Opinion
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11/10/2019
The people who work in TSP say no, so no. If the professionals who work with it every day say it’s a bad idea that will cause the TSP to loose money, then no. That’s our veterans savings and retirements your effing with... again.
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Sheila's Opinion
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11/10/2019
No. The pension funds for government or any company should be protected from the whims of a gambler!
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    That is like investment into the enemies economy.
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    First off, TSP funds belong to employees of the government and do not belong to the government. The government only collects TSP funds from employee pay with some matching- just like an employee’s 401K funds belong to the employee and not to the employer. The TSP is the federal employee’s 401K plan, funded by a combination of mandatory and elective payroll withdrawals. The TSP was put in place by Reagan when he eliminated the former defined benefit retirement plan for new hires, moved former federal pension funds into the treasury, and ‘marketed’ the values of the TSP plan to entice existing employees to convert their old retirement plans. The large infusion of federal employee’s mandated and elective deposits into indexed funds had a lot to do with the growth of the stock, bond and money markets which have also increased these markets for those counting on their 401K plans. The TSP invests in products to align with well defined and broadly accepted indices, which ensures government accountability and permits participants to make rational risk-reward assessments to rebalance their TSP during the periods when this is permitted. Don’t politicize these funds in order to punish some other government. It destroys any faith that our government is acting in good faith with employee’s retirement funds, undercuts what is now a clear-cut accountability and has a significant potential side effect of damaging all of the 401K plans that many Americans are counting upon. This is one of the many things that politicians should not be mucking about with.
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    The people who work in TSP say no, so no. If the professionals who work with it every day say it’s a bad idea that will cause the TSP to loose money, then no. That’s our veterans savings and retirements your effing with... again.
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    No. The pension funds for government or any company should be protected from the whims of a gambler!
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    Does Russia have any companies? If so, do the Russian people benefit from or invest in them. Just Putin and friends. Not a place we should be investing. The same is pretty much true of China just change the names and realize the government benefits. The question is poorly worded.
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    I don’t want my TSP threatened in anyway or used to make a political statement. I’m against the current administration changing anything. I don’t trust them to manage my tsp in my best interest.
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    Global investment is critical to being competitive in the global market.
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    NOPE ...
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    Seems to me that a president’s actions should also convey those priorities. If they have no desire to even question his actions why should we give them access to financial options. Also, I just don’t trust them around money.
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    We buy and trade to everyone. One day they are our enemies, the next day they are our friends, depending on which way the wind blows. Let's keep our trading going which benefits everyone and the politicians can keep playing "Let's Make a Deal" on their own time.
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    This is the kind of legislation you get when nearly 1/2 of the members of the House of Representatives are millionaires. With the TSP functioning as the primary retirement plan (401k) for government employees, politicizing their retirement funds is one of the most elitist, tone-deaf, selfish, Trumpian proposals one could dream up. Risking an entire group’s future welfare to make political points — truly worthy of a Republican.
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    This is a good example of the conflict between globalism and nationalism. At what point do American shareholders need to be penalized for doing business with foreign governments that compromise national security? The liberal democracy of global capitalism can’t melt with economies that do not exist apart from their corresponding governments when we have to worry about potential threats from said governments. Therefore we must choose between politically disassociating with Americans who work with these foreign corporations that are intrinsically connected with governmental oversight, or we address the national security issues head on. And the best way to do the latter, which is what I want, is to expose the crimes and injustices of these countries. Alas! Doing so would also expose the question of the corrupt dealings between corporations and government here at home, so expect the spineless republicans sponsoring this bill to favor the former option of screwing over Americans investing overseas.
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    I agree that we shouldn’t contribute to the economies of China and Russia, in principal. However, we do millions of dollars in trade with countries that we don’t agree with, so I don’t see how investing in the companies that we do business with is any different. As a federal employee who is invested in the TSP, I would like more options to maximize my return on investment. Please vote nay.
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    The government pleaded with federal employees in the late 80’s to switch to the new TSP retirement fund. We could invest in very safe, safe and high risk world funds. We we’re told we would average 12 to 14 % on our investments. Down right lies. Now once again our law makers are attempting to strip the employees of their retirement choices in investments. Why isn’t congress subject to this sane retirement system. A regular federal employees has to invest his money’s and take the risk over years. Congressional members do not follow the same guidelines. Oh! They legislate, no risk even if they get voted out of office. They still receive a life time pension with no penalties. Hard to understand how Americans can trust their elected representatives.
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    I agree, but is there a concrete lists of these countries? I don't know where anybody stands anymore, since Trump has upended the order of who are our friends and who are our allies. I do think these funds should only be invested in "friendly" companies...once we define those.
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    This should only occur after they invest in US companies.
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    Investments should be done after researching which ones make the most return for the people who will receive benefits from them. Ridiculous to ferret thru all the stocks to figure out if a Russian or Chinese company is involved.
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    This question is awkwardly worded.
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    👍🏻👍🏻 It makes good sense not too. Invest American 🇺🇸 first. 👍🏻👍🏻 The retirement savings of U.S. federal employees and servicemembers shouldn’t be used to invest in companies headquartered in hostile countries. This is especially true in light of the fact that companies in China and Russia tend to have close ties to those countries’ governments. Consequently, the Thrift Savings Fund’s international investment fund, the “I Fund,” shouldn’t be allowed to invest in Chinese or Russian companies. Sneaky Pete. 👍🏻👍🏻👍🏻🇺🇸👍🏻👍🏻👍🏻. 11.10.19
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    We need to have the best return on investment that you can have for a pension plan. We already have a problem with the pension system. The Sears bankruptcy included the sell of their debt that included their pension plan. Now the purchaser is in court asking to cancel the pension plan.
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