summary
Introduced
01/20/2022
01/20/2022
In Committee
01/20/2022
01/20/2022
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
124th General Assembly
Bill Summary
Amend The Code Of Laws Of South Carolina, 1976, By Adding Section 9-16-57 So As To Provide That The Retirement Investment Commission May Not Invest Public Employee Retirement Funds In Certain Companies Owned, In Whole Or In Part, By The People's Republic Of China Or The Chinese Communist Party.
AI Summary
This bill amends the Code of Laws of South Carolina to prohibit the Retirement Investment Commission from investing public employee retirement funds in companies owned, in whole or in part, by the People's Republic of China or the Chinese Communist Party, or companies whose principal place of business is located in China. The bill defines key terms such as "Chinese Communist Party" and "company" to clarify the scope of the investment restrictions. The legislation takes effect upon the Governor's approval.
Committee Categories
Budget and Finance
Sponsors (13)
Patrick Haddon (R)*,
Mike Burns (R),
Bill Chumley (R),
Sylleste Davis (R),
Cal Forrest (R),
Craig Gagnon (R),
Doug Gilliam (R),
Stewart Jones (R),
Steven Long (R),
Josiah Magnuson (R),
Ryan McCabe (R),
Melissa Oremus (R),
Ashley Trantham (R),
Last Action
Member(s) request name added as sponsor: Gilliam, Davis, Forrest, Gagnon, McCabe (on 01/27/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=4844&session=124&summary=B | 01/20/2022 |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/4844_20220120.htm | 01/20/2022 |
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