U.S. NDAA Kicks CCP Out Of The Thrift Savings Plan And Accelerates Financial Decoupling

According to a November 10th report by the Center for Security Policy, the National Defense Authorization Act (NDAA), which prevents federal government employees’ pension funds from being invested in companies controlled by the Chinese Communist Party (CCP), is a must-pass legislation. If Senate Majority Leader Chuck Schumer puts it to a vote, it will be an accelerator for similar bans.

This Senate Act to kick the CCP out of the U.S. Thrift Savings Plan is a critical step. Countless Americans’ pensions have been invested in CCP-controlled companies. They had earned substantial returns in the past when Wall Street colluded with the CCP, but the investment will end up with no return. Therefore, the U.S. must prohibit such investments.

Commentators pointed out that Washington’s cutting off the CCP’s financial resources and accelerating economic and financial decoupling are necessary measures to counter Beijing’s infiltration and economic aggression. It is foreseeable that the U.S. has reached a critical moment of life or death and will definitely accelerate the pace of complete decoupling from Communist China in the fields of economy and finance. Only by taking down the CCP as soon as possible can the Chinese and the American people have a better future.

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Translator: NFSC News
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