HB 406 Alabama House · 2023 Regular Session

Relating to public investments; to require the State Treasurer and the Boards of Control of the Retirement Systems of Alabama and the Judicial Retirement Fund to establish and maintain a list of certain companies owned or controlled by Chinese military or government services and designated by the U.S. government as companies with whom U.S. citizens are restricted from entering into transactions; to make this list available to the public; to prohibit the State Treasurer and the Boards of Control of the Retirement Systems of Alabama and the Judicial Retirement Fund from acquiring direct holdings in publicly traded securities of a listed company, and requiring the sale, redemption, divestment, or withdrawal of all direct holdings in publicly traded securities of a listed company within 180 days after the company becomes a listed company; and to define terms.

Summary
Public funds, investment in certain companies owned or controlled by China prohibited
Bill status introduced 1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
Governor
Introduced Apr 27, 2023 Last action Apr 27, 2023
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
0
Apr 27, 2023
Introduced
Introduced and Referred (State Government)
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mike Shaw
Mike Shaw
RRepublican
AL
47