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This bill — the Blocking Investment In Our Adversaries Act — would prohibit the Thrift Savings Fund’s (TSP) International Stock Index Investment Fund (I Fund) from investing in any entity in peer or near-peer competitor nations. “Peer or near-peer competitor nations” would be defined in the National Defense Strategy, including China or Russia. The TSP is a major federal pension fund that currently invests nearly $600 billion on behalf of plan participants.

No more than 30 days after this bill’s enactment, the Federal Retirement Thrift Investment Board (FRTIB) would be required to:

Review whether any money in the Thrift Savings Fund is invested in peer or near-peer competitor nations;
Divest any money in the Thrift Savings Fund invested in peer or near-peer competitor nations; and
Re-invest the divested sums in investments that aren’t in peer or near-peer competitor nations.

The FRTIB would also be required to reevaluate its choice of index funds for the TSP’s I Fund. It would be required to choose a new index that is both financially lucrative and doesn’t support economies that threaten the U.S.

This bill would have no impact on the TSP’s current structure.

","official_title":"To amend title 5, United States Code, to prohibit the International Stock Index Investment Fund of the Thrift Savings Fund from investing in any entity in peer or near-peer competitor nations as outlined in the National Defense Strategy, and for other purposes.","short_title":"Blocking Investment In Our Adversaries Act","popular_title":null,"short_summary":"","summarized":true,"cost":null,"cost_commentary":"A CBO cost estimate is unavailable.","impact":"Federal employees; members of the military; Thrift Savings Fund (TSP); Thrift Savings Fund International Stock Index Investment Fund (I Fund); Federal Retirement Thrift Investment Board (FRTIB); TSP I Fund investments in peer or near-peer competitor nations; China; Russia; Chinese companies; and Russian companies.","argument_for":"The retirement savings of U.S. federal employees and servicemembers shouldn’t be used to invest in companies headquartered in hostile countries. 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Should Pension Funds Held for Federal Employees & Military Personnel Not Be Invested Into Chinese & Russian Companies?