Bill > HB1668

This bill establishes the "Foreign Adversary Divestment Act", which requires Missouri state and local government entities to divest from investments associated with foreign adversaries. The bill defines key terms such as "foreign adversary" (entities listed on the U.S. Treasury's Specially Designated Nationals and Blocked Persons List) and "state-managed fund" (including public pension funds, local investment funds, and university endowments). It mandates that state-managed funds immediately begin divesting from any investments in foreign adversaries, state-owned enterprises of foreign adversaries, or companies domiciled within foreign adversaries, with a two-year timeline to reduce such investments to no more than 0.05% of total assets. The state treasurer is required to compile and distribute a list of restricted companies within six months, using publicly available information, consulting with asset managers, and potentially hiring an independent research firm. The bill aims to prevent Missouri's public funds from supporting entities considered national security risks, while ensuring that divestment does not compromise financial safeguards or fiduciary responsibilities. This legislation represents a targeted approach to limiting financial engagement with potentially hostile foreign entities.

https://house.mo.gov/Bill.aspx?bill=HB1668&year=2026&code=R