[Congressional Record Volume 167, Number 88 (Thursday, May 20, 2021)]
[Senate]
[Page S3221]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1754. Mr. RUBIO (for himself, Mrs. Shaheen, Mr. Scott of Florida, 
Mr. Young, and Ms. Ernst) submitted an amendment intended to be 
proposed to amendment SA 1502 proposed by Mr. Schumer to the bill S. 
1260, to establish a new Directorate for Technology and Innovation in 
the National Science Foundation, to establish a regional technology hub 
program, to require a strategy and report on economic security, 
science, research, innovation, manufacturing, and job creation, to 
establish a critical supply chain resiliency program, and for other 
purposes; which was ordered to lie on the table; as follows:
        At the end of title I of division E, add the following:

     SEC. 51__. INVESTMENT OF THRIFT SAVINGS FUND.

       Section 8438 of title 5, United States Code, is amended by 
     adding at the end the following:
       ``(i)(1) In this subsection--
       ``(A) the term `PCAOB' means the Public Company Accounting 
     Oversight Board; and
       ``(B) the term `registered public accounting firm' has the 
     meaning given the term in section 2(a) of the Sarbanes-Oxley 
     Act of 2002 (15 U.S.C. 7201(a)).
       ``(2) Notwithstanding any other provision of this section, 
     no sums in the Thrift Savings Fund may be invested in any 
     security that is listed on an exchange in a jurisdiction in 
     which the PCAOB is prevented from conducting a complete 
     inspection or investigation of a registered public accounting 
     firm under section 104 of the Sarbanes-Oxley Act of 2002 (15 
     U.S.C. 7214) because of a position taken by an authority in 
     that jurisdiction, as determined by the PCAOB.
       ``(3) The Board shall consult with the Securities and 
     Exchange Commission on a biennial basis in order to ensure 
     compliance with paragraph (2).''.
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