For Immediate Release
September 9, 2019
CONTACT: Hamilton Strategies, [email protected], Patrick Benner, 610.584.1096, ext. 104, or Deborah Hamilton, ext. 104
COMMITTEE ON THE PRESENT DANGER: CHINA TO MAKE THE CASE FOR KEEPING FEDERAL PENSION FUNDS OUT OF THREATENING P.R.C. HANDS
PROPOSED UNDERWRITING OF HOSTILE ACTIVITY IS IRRESPONSIBLE, DANGEROUS
Washington, D.C.— All other things being equal, the U.S. Federal Retirement Thrift Investment Board is going to start investing the pension funds of past and present government employees and military personnel in the stocks of Communist Chinese companies, including some known to violate American sanctions, steal our technology and enable the build-up of the PRC’s police state apparatus, fortified South China Sea islands and military capabilities. On Thursday, September 12, the Committee on the Present Danger: China (CPDC) will hold a Threat Briefing to express strong opposition to such a reckless action and to urge that the Thrift Savings Plan (TSP) not be put in the service of our enemies.
Senators Marco Rubio and Jeanne Shaheen recently sent a strongly worded letter demanding a reversal of the Review Board’s 2017 decision that would clear the way for TSP investments to begin in 2020 to mirror the Morgan Stanley MSCI Global Index – a stock portfolio that has increasingly included the equities of problematic Chinese companies. The CPDC has invited those and other influential legislators, as well as a number of securities industry professionals and subject matter experts, to participate in its briefing and reinforce this urgent call to stave off such underwriting of a hostile power. The Threat Brief will take place from 10:00 a.m. to 12:00 p.m. on September 12th at the Hillsdale College Kirby Center in Washington, D.C.
Featured speakers will include:
Former Speaker Newt Gingrich (via video)
Rep. Paul Gosar, Member, House Committee on Oversight and Reform’s National Security Subcommittee
Brian Kennedy*, Chairman, CPDC
Frank Gaffney*, Vice Chairman, CPDC (Moderator)
Steve Bannon*, former Chief Strategist for President Trump
Kyle Bass*, Founder and Chief Investment Officer, Hayman Capital (via video)
Joseph Bosco*, Esq., former China Country Desk Officer, Office of the Secretary of Defense
Kevin Freeman* CFA, Host, Blaze TV’s “Economic War Room with Kevin Freeman” (via video)
Christopher Iacovella, CEO of the American Securities Association
Roger Robinson, former Senior Director, International Economic Affairs, Reagan National Security Council
* Member, Committee on the Present Danger: China
WHO: The Committee on the Present Danger: China
WHAT: Remarks by senior legislators, financial sector leaders, subject matter experts
WHERE: Hillsdale College Kirby Center, 227 Massachusetts Avenue, NE, Washington, D.C.
WHEN: 10:00 a.m. to 12:00 p.m., September 12
WHY: To explain the prospective damage to the pension portfolios of federal employees and military personnel, past and present, and to the national security interests of the United States were the Thrift Savings Plan to begin investing in Chinese corporations
HOW: For media to register, contact [email protected]
Live-stream the event at www.facebook.com/securefreedom and www.youtube.com/user/securefreedom
The CPDC’s mission statement:
The mission of the “Committee on the Present Danger: China” is to help defend America through public education and advocacy against the full array of conventional and non-conventional dangers posed by the People’s Republic of China. As with the Soviet Union in the past, Communist China represents an existential and ideological threat to the United States and to the idea of freedom—one that requires a new American consensus regarding the policies and priorities required to defeat this threat. And for this purpose, it is necessary to bring to bear the collective skills, expertise and energies of a diverse group of experts on China, national security practitioners, human rights and religious freedom activists and others who have joined forces under the umbrella of the “Committee on Present Danger: China.”
To interview representatives from the Committee on the Present Danger: China, contact [email protected], Patrick Benner, 610.584.1096, ext. 104, or Deborah Hamilton, ext. 104.