FOREIGN ADVERSARIES – Adds to existing law to require certain governmental entities in Idaho to divest from investments in foreign adversaries.

Idaho's H 640 requires all state-managed funds - including public pensions, university endowments, and government investment accounts - to immediately sell investments in entities tied to designated "foreign adversaries." These include countries like China, Russia, Iran, and North Korea, as defined by federal regulations (15 CFR 791.4). The law prohibits new investments in such entities and mandates divestment of existing holdings by July 1, 2026. It explicitly states this does not override fiduciary duties or federal law. The bill affects all Idaho governmental entities managing public funds, including universities and retirement systems.