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Bill > H0279


FL H0279

FL H0279
State Investments


summary

Introduced
10/10/2017
In Committee
10/18/2017
Crossed Over
Passed
Dead
03/11/2018

Introduced Session

2018 Regular Session

Bill Summary

Requires SBA to divest investments of institution or company doing business with government of Venezuela; prohibits SBA & state agencies from investing in institutions or companies that do business with or invest in government of Venezuela; authorizes Governor to waive investment prohibitions if certain conditions exist.

AI Summary

This bill requires the State Board of Administration (SBA) to divest any investments in institutions or companies that do business with the government of Venezuela, and prohibits the SBA and state agencies from investing in such institutions or companies. The Governor is authorized to waive these investment prohibitions if the existing regime in Venezuela collapses and there is a need for immediate aid or in the event of a natural disaster in Venezuela. The bill also maintains existing prohibitions on investments in Cuba or countries subject to U.S. sanctions.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Withdrawn prior to introduction (on 10/23/2017)

bill text


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