Bill > HB196

This bill creates the "Foreign Adversary Divestment Act", which requires Missouri state and local government investment funds to divest from investments in specified foreign adversaries, including China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria. The bill defines key terms such as "state-managed funds" (which include public pension funds, local investment funds, and university endowments) and "foreign adversaries" (specific countries and regimes). It mandates that all state-managed funds immediately begin divesting from investments in foreign adversary state-owned enterprises, companies domiciled in these countries, or companies controlled by these entities. The state treasurer is required to compile and distribute a list of restricted companies within six months, using publicly available information, consulting asset managers, and potentially hiring an independent research firm. The bill allows for a two-year period to achieve "total divestment", which is defined as reducing prohibited investments to no more than 0.05% of a fund's total market value. The legislation emphasizes that it should not interfere with existing financial safeguards or fiduciary requirements of investment funds, and provides a comprehensive framework for identifying and eliminating investments in designated foreign adversaries.

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https://house.mo.gov/Bill.aspx?bill=HB196&year=2025&code=R