HB 406

  • Alabama House Bill
  • 2023 Regular Session
  • Introduced in House Apr 27, 2023
  • House
  • Senate
  • Governor

Relating to public investments; to require the State Treasurer and the Boards of Control of the Retirement Systems of Alabama and the Judicial Retirement Fund to establish and maintain a list of certain companies owned or controlled by Chinese military or government services and designated by the U.S. government as companies with whom U.S. citizens are restricted from entering into transactions; to make this list available to the public; to prohibit the State Treasurer and the Boards of Control of the Retirement Systems of Alabama and the Judicial Retirement Fund from acquiring direct holdings in publicly traded securities of a listed company, and requiring the sale, redemption, divestment, or withdrawal of all direct holdings in publicly traded securities of a listed company within 180 days after the company becomes a listed company; and to define terms.

Bill Subjects

Public Funds

Abstract

Public funds, investment in certain companies owned or controlled by China prohibited

Bill Sponsors (1)

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Actions


Apr 27, 2023

House

Introduced and Referred (State Government)

House

Read First Time in House of Origin

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

Document Format
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Sources

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