The Federal Retirement Thrift Investment Board has been criticized for a 2017 decision to mirror an index that invests in unaudited Chinese companies as well as companies that are sanctioned by the U.S. Despite scrutiny from the U.S. Senate, Board voted to permit continued investment in an index containing stocks of unaudited companies in the People's Republic of China. In November 2019, U.S. senators Marco Rubio and Jeanne Shaheen introduced legislation, the Taxpayers and Savers Protection Act, to force the Board to divest from unaudited Chinese companies. In May 2020, a directive from the United States Department of Labor ordered the TSP to halt a plan to invest in Chinese stocks. In 2022, a coalition was formed to push for the removal of emerging-market funds that contain companies linked to the People's Liberation Army.
