S.Amdt. 4350

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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