An Act providing for divestiture by the State Treasurer, the State Employees' Retirement System, the Public School Employees' Retirement System and the Pennsylvania Municipal Retirement System of investments in assets relating to China.

SB 380, the China Divestiture Act, requires Pennsylvania's major retirement systems (State Employees', Public School Employees', and Municipal Retirement Systems) and the State Treasurer to sell all investments tied to China. It mandates phasing out direct holdings of Chinese government securities and scrutinized Chinese companies (including sanctioned entities) within 10 years (50% sold by year 3, 75% by year 5, 100% by year 10). The bill also prohibits new investments in such entities and requires annual reports on divestment progress to state officials. This policy directly affects Pennsylvania's $100+ billion public pension funds by restructuring their investment portfolios.