Alabama 2023 Regular Session

Alabama House Bill HB406

Introduced
4/27/23  

Caption

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.

Companion Bills

No companion bills found.

Previously Filed As

AL HB504

Public Investments; to prohibit Board of Control of Employees' Retirement Systems of Alabama and Teachers' Retirement Systems of Alabama from investing with restricted entities affiliated with Communist Chinese military companies

AL SB69

Public Investments; to prohibit Board of Control of ERSA and TRSA from investing with restricted entities affiliated with Communist Chinese military companies

AL SB251

Public Investments; to prohibit Board of Control of ERSA and TRSA from investing with restricted entities affiliated with Communist Chinese military companies

AL HB68

Leasehold interests added to prohibition against acquisition of ownership interests by certain individuals, governments, political parties in agricultural, forest and other real property; adds companies, individuals on U.S. Treasury sanctions lists to sanctions list prohibition; specifies overall pertinence to property in the state

AL SB167

Alabama Jobs Act; requirements for approved companies revised

AL HB620

Relating to the Tax Incentive Reform Act; to authorize a public industrial authority to grant abatements for international headquarters of publicly traded companies

AL SB151

State Investments and Public Contracts; to prohibit State Treasurer and Board of Control of RSA and TRSA from using ESG factors in investment decisions; may consider pecuniary factors; to prohibit state entities from considering ESG factors when awarding public contracts

AL SB180

Government administration, state and local agencies prohibited from contracting with media monitoring organizations and certain contractors and companies

AL HB282

Government administration, state and local agencies prohibited from contracting with media monitoring organizations and certain contractors and companies

AL SB339

Retirement Systems of Alabama; to provide a benefit increase for certain retirees of the ERS and the TRS

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