[Congressional Record Volume 167, Number 194 (Thursday, November 4, 2021)]
[Senate]
[Pages S7876-S7877]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4350. Mr. RUBIO submitted an amendment intended to be proposed to 
amendment SA 3867 submitted by Mr.

[[Page S7877]]

Reed and intended to be proposed to the bill H.R. 4350, to authorize 
appropriations for fiscal year 2022 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ____. 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 or 105 of the Sarbanes-Oxley Act of 
     2002 (15 U.S.C. 7214, 7215), respectively, 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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