S.Amdt. 1754

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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