Associated Press reported (May 12) that The Trump administration has directed the U.S. Federal Employee Retirement Fund to scrap its plan to place more than $4 billion into Chinese investments. The administration has given the board overseeing the Thrift Savings Plan until May 13 to comply with the President’s directive. The more than $4 billion, however, is a small slice of the hundreds of billions in the tax-deferred retirement savings and investment plan that works like a 401(k) plan offered by private corporations.