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

HB 1668, the "Foreign Adversary Divestment Act," requires Missouri's state and local government investment funds - including public pensions, city/municipal funds, and university endowments - to sell all investments in companies tied to foreign governments on the U.S. Treasury’s "Specially Designated Nationals" list. The bill prohibits these funds from holding or investing in any entity owned by, domiciled in, or primarily operated by a "foreign adversary" (as defined by U.S. Treasury lists). Funds must fully divest from prohibited holdings within two years, reducing such investments to less than 0.05% of their total value, and the state treasurer must create a restricted company list within six months. This law applies directly to all Missouri state-managed funds, without overriding existing fiduciary or investment standards.