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Senator holds up Fed Thrift nominations over China concern

Sen. Marco Rubio placed a hold on four Fed Thrift board nominations until the nominees vow to withhold Thrift Savings Plan assets from Chinese firms.

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Senator holds Fed Thrift nominations over China investment concern

Sen. Marco Rubio placed a hold on four Fed Thrift board nominations until the nominees vow to withhold Thrift Savings Plan assets from Chinese firms.

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Brown sociologist weighs in on tensions at Russia-Ukraine border

Brown sociologist weighs in on tensions at Russia-Ukraine border
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

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Brown sociologist weighs in on tensions at the Russia-Ukraine border

Professor of Sociology Michael D. Kennedy provided historical background on Russia’s relationship with Ukraine and explained how the current crisis could unleash major conflicts across the globe.

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Biden to nominate FS Investments partner to Thrift board

Biden to nominate FS Investments partner to Thrift board
pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.

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Biden nominates 4 to Federal Thrift Savings Plan board

Biden nominates 4 to Federal Thrift Savings Plan board
pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.

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Bill to prevent TSP investment in Chinese stocks reintroduced


Bill to prevent TSP investment in Chinese stocks reintroduced
Print
A bipartisan bill to prevent the Federal Retirement Thrift Investment Board, Washington, from directing retirement savings to Chinese stocks has been reintroduced in the Senate and House.
Rep. Mike Waltz, R. Fla., introduced the Taxpayers and Savers Protection Act on Tuesday, a move preceded by Sens. Marco Rubio, R-Fla., Jeanne Shaheen, D-N.H., Todd Young, R-Ind., Rick Scott, R-Fla., and Joni Ernst, R-Iowa, who did the same on May 20.
The Taxpayers and Savers Protection Act would conditionally ban the investment of Thrift Savings Plan funds in securities listed on Chinese exchanges, according to a news release. Moreover, it would prohibit investment in issuers listed on foreign securities exchanges where the U.S. Public Company Accounting and Oversight Board has not issued an audit inspection and where the PCAOB is prevented from conducting such inspections.

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Biden withdraws 3 nominations to Federal Thrift board


Biden withdraws 3 nominations to Federal Thrift board
President also withdraws controversial selection of Judy Shelton to join Fed
President Joe Biden on Thursday withdrew 32 nominations that his predecessor made to various posts.
President Joe Biden withdrew the nominations of three Federal Retirement Thrift Investment Board, Washington, nominees and one nominee to the Federal Reserve Board of Governors.
In total, Mr. Biden late Thursday withdrew 32 nominations that President Trump had made to various posts on Jan. 3, the same day the 117th Congress was sworn in.
As expected, Mr. Biden pulled the nominations of Christopher Bancroft Burnham, John M. Barger and Frank Dunlevy to the five-member Thrift board, which administers the $709.6 billion Thrift Savings Plan, the retirement system for 6.2 million federal employees and members of the uniformed services. Mr. Trump originally nominated them in May and the Senate Homeland Security and Governmental Affairs Committee in September approved the nominations, but the full Senate never took them up before the 116th congressional term expired. Mr. Trump then reintroduced them last month.

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