Rep. Banks Statement on CalPERS CIO Resigning
August 07, 2020
August 07, 2020
WASHINGTON, Aug. 7 -- Rep. Jim Banks, R-Indiana, issued the following statement:
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Upon learning of CalPERS Chief Investment Officer Yu Ben Meng resigning, House Armed Services Committee member Rep. Jim Banks released the following statement:
"Taxpayers shouldn't be forced to fund our adversary's military. With Yu Ben Meng's departure, CalPERS now has the opportunity to correct its course and divest from companies within China's military-industrial . . .
* * *
Upon learning of CalPERS Chief Investment Officer Yu Ben Meng resigning, House Armed Services Committee member Rep. Jim Banks released the following statement:
"Taxpayers shouldn't be forced to fund our adversary's military. With Yu Ben Meng's departure, CalPERS now has the opportunity to correct its course and divest from companies within China's military-industrial . . .