The coronavirus pandemic is a wake-up call for everyone that we must completely rethink our relationship with
Every month, a combined 5.6 million members of the
A planned change, scheduled to take effect in the coming months, would broaden the tracking exchange of the TSP I fund. This could mean that over
Chinese companies directly benefiting from this change include Hikvision, a tech company blacklisted by the
Another company includes the government-owned
We cannot allow the TSP's governing board to use taxpayer dollars and servicemembers' savings to fund the defense industry of the most dangerous potential adversary America has ever faced.
Just as we were engaged in a 20th-century Cold War against the communist
This board would never advocate for investing in Russian companies building their Soviet military. It should not invest in these companies building the Chinese military.
As a 24-year veteran and congressman serving on the
This argument completely ignores the fact that the
Many Chinese multinational companies do not abide by international accounting standards, and so, the argument that the potential return on investment is "worth the risk" is spurious at best. The board's shortsighted vision only considers the potential short-term gains, completely disregarding the disastrous national security implications of financing
The issue exemplifies a deeper and more fundamental shift that must occur across America's political spectrum and on
Since the end of the Cold War, this crowd has wrongly believed that capitalism would change the
The lies and cover-ups of the Chinese regime in the past few months should be a massive wake-up call. The
This is why I urge
Such an executive order would likely be challenged in court, given the quasi-independent nature of the board, but hopefully, the order will allow the
Every dollar we contribute directly or indirectly to the mainland Chinese regime puts American security and the fabric of our society at risk. I know our military members standing guard around the world would agree.