summary
Introduced
10/17/2017
10/17/2017
In Committee
02/01/2018
02/01/2018
Crossed Over
01/31/2018
01/31/2018
Passed
03/08/2018
03/08/2018
Dead
Signed/Enacted/Adopted
03/29/2018
03/29/2018
Introduced Session
2018 Regular Session
Bill Summary
Requires SBA to divest certain investments & prohibits investments in specified institutions doing business with Venezuela, in violation of federal law; prohibits SBA from voting in favor of proxy resolution advocating expanded U.S. trade with such government; prohibits state agencies from investing in specified entities extending credit, buying, or trading goods or services with Venezuela; authorizes Governor to waive investment prohibitions if certain conditions exist.
AI Summary
This bill requires the State Board of Administration (SBA) to divest from investments in institutions or companies doing business with the government of Venezuela in violation of federal law. It also prohibits the SBA from voting in favor of proxy resolutions advocating expanded U.S. trade with Venezuela. Additionally, it prohibits state agencies from investing in entities that extend credit, buy, or trade goods or services with the Venezuelan government in violation of federal law. The Governor can waive these investment prohibitions if the existing regime in Venezuela collapses and there is a need for immediate aid or other humanitarian reasons.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (14)
Manny Díaz (R)*,
Jeanette Nuñez (R)*,
Matthew Caldwell (R),
Kimberly Daniels (D),
Byron Donalds (R),
Jay Fant (R),
Evan Jenne (D),
Stan McClain (R),
Larry Metz (R),
Mike Miller (R),
Daniel Perez (R),
Rene Plasencia (R),
Richard Stark (D),
Clay Yarborough (R),
Last Action
Chapter No. 2018-125 (on 03/29/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2018/359 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/359/BillText/er/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/359/BillText/Filed/PDF |
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