Bill > SB529

This bill establishes provisions for public employee retirement systems to divest from certain entities associated with the People's Republic of China, the Chinese Communist Party, or entities deemed to pose national security risks. Specifically, the bill defines "restricted entities" as organizations identified on U.S. government lists, including those on the Entity List, Communist Chinese military company lists, or entities connected to Chinese intelligence laws. After August 28, 2025, public retirement systems will be prohibited from investing in these restricted entities or related investment products and must develop plans to divest existing investments. The board managing the retirement system must make annual efforts to identify such investments and can use independent research to do so. The bill provides some flexibility in divestment timelines, allowing extensions until August 28, 2028, under certain financial or legal constraints. Retirement systems must submit annual reports to the general assembly detailing their divestment efforts, and the board and system are granted immunity from potential legal challenges related to these divestment actions. The bill includes exceptions for private market funds and certain actively managed investment funds, providing some operational flexibility while still targeting investments perceived as potential national security risks.

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https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=1338322