Creates the "Foreign Adversary Divestment Act", requiring the state and local government entities to divest from investments in foreign adversaries

HB 196, the "Foreign Adversary Divestment Act," requires Missouri's state and local government investment funds - including public pensions, municipal funds, and public university endowments - to stop holding investments tied to designated "foreign adversaries" (like China, Russia, Iran, and others listed in the bill). It prohibits these funds from investing in companies owned by, domiciled in, or controlled by these nations, with full divestment required within two years (reducing holdings to under 0.05% of total assets). The state treasurer must compile a list of restricted companies within six months and distribute it to all affected funds. The law explicitly allows funds to follow standard fiduciary and investment practices while complying with these divestment rules.