White House warns Railroad Retirement Board that its Chinese investments pose national security risk
Investments also pose 'significant and unnecessary economic risk' to retirees.
"White House officials on Wednesday warned the federally administered Railroad Retirement Board that its funds have been invested in Chinese concerns that pose both security risks to the United States and economic risks to the American workers whose money is being invested."
"United States National Security Advisor Robert O'Brien and National Economic Council Director Larry Kudlow said in a letter on Wednesday to RRB Chairman Erhard Chorlé that the board's investments in companies located in the People’s Republic of China “present a national security risk to our country,” as well as a “significant and unnecessary economic risk” to railroad retirees."
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