summary
Introduced
01/10/2023
01/10/2023
In Committee
01/10/2023
01/10/2023
Crossed Over
Passed
Dead
05/09/2024
05/09/2024
Introduced Session
125th General Assembly
Bill Summary
A bill to amend the South Carolina Code of Laws by amending Section 6-5-10, 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 the South Carolina Code of Laws to prohibit each political subdivision, such as municipalities, counties, and school districts, from investing in companies that are 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. The bill defines key terms like "Chinese Communist Party" and "People's Republic of China" to clarify the scope of the prohibition.
Committee Categories
Budget and Finance
Sponsors (26)
Steven Long (R)*,
Thomas Beach (R),
Mike Burns (R),
Bill Chumley (R),
Bobby Cox (R),
April Cromer (R),
Brandon Guffey (R),
Patrick Haddon (R),
Robert Harris (R),
Stewart Jones (R),
Jay Kilmartin (R),
Kathy Landing (R),
Matthew Leber (R),
Josiah Magnuson (R),
R.J. May (R),
Ryan McCabe (R),
John McCravy (R),
Cody Mitchell (R),
Adam Morgan (R),
Timothy Morgan (R),
David O'Neal (R),
Melissa Oremus (R),
Jordan Pace (R),
Ashley Trantham (R),
Joe White (R),
Richie Yow (R),
Last Action
Member(s) request name added as sponsor: Yow, Mitchell (on 03/01/2023)
Bill Topics
International Affairs and Foreign Aid
- ‐ Specific Country and Regional Issues
Local Government
- ‐ General Local Government
Official Document
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=3509&session=125&summary=B | 12/15/2022 |
| BillText | https://www.scstatehouse.gov/sess125_2023-2024/prever/3509_20221215.htm | 12/15/2022 |
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