President Joe Biden’s nominees to serve on the Federal Thrift Retirement Investment Board (FTRIB)—the main pension fund for federal government employees— should pledge not to invest funds into China-based companies that undermine U.S. national security, three Republican senators said on April 6 in a letter to the nominees. “We are deeply concerned by the Federal Retirement Thrift Investment Board’s history of voting to invest federal employees’ retirement savings into China-based companies, including firms involved in the Chinese government’s military, espionage, human rights abuses, and aggressive industrial policy designed to undermine U.S. industry,” read a joint letter by Sens. Marco Rubio (R-Fla.), Tom Cotton (R-Ark.), and Tommy Tuberville (R-Ala.). The letter was addressed to Biden’s four nominees to serve on the board: Michael Gerber, senior managing director of FS Investment Solutions; Stacie Olivares, a board member of Core Scientific; Dana K. Bilyeu, executive director of the National Association of State Retirement …
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