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Bill > H4841


SC H4841

SC H4841
Investments, authorized for political subdivision


summary

Introduced
01/20/2022
In Committee
01/20/2022
Crossed Over
Passed
Dead
05/12/2022

Introduced Session

124th General Assembly

Bill Summary

Amend Section 6-5-10, Code Of Laws Of South Carolina, 1976, Relating To Authorized Investments Of A Political Subdivision, So As To Prohibit Each Political Subdivision From Investing In Certain Companies Owned Or Controlled By The People's Republic Of China Or The Chinese Communist Party Or Whose Principal Place Of Business Is Located Within The People's Republic Of China.

AI Summary

This bill amends Section 6-5-10 of the South Carolina Code of Laws to prohibit political subdivisions, such as municipalities, counties, and school districts, from investing in any company or development that is owned or controlled by the People's Republic of China or the Chinese Communist Party, or whose principal place of business is located within China. The bill defines key terms like "Chinese Communist Party" and "company" to provide context and clarification.

Committee Categories

Justice

Sponsors (8)

Last Action

Member(s) request name added as sponsor: Gilliam (on 01/27/2022)

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