HB2143--DIVESTMENTFROMFOREIGNADVERSARIES
SPONSOR: Seitz
Thisbillestablishesthe"ForeignAdversaryDivestmentAct".
Allstate-managedfunds,asdefinedinthebill,areprohibited
fromholdinginvestmentsinanyforeignadversary,asdefinedin
thebill,state-ownedenterpriseofaforeignadversary,company
domiciledwithinaforeignadversary,oracompanyownedor
controlledbyanysuchentity.
State-managedfundsarefurtherprohibitedfrominvestingor
depositingpublicfundsinanybankdomiciledorprincipally
locatedwithinaforeignadversary.
Anystate-managedfundinviolationofthisbillisrequiredto
immediatelybegindivestmentofanypublicholdings,tobefully
divestedwithintwoyearsoftheeffectivedateofthebill.
Withinsixmonthsaftertheeffectivedateofthisbill,theState
Treasurershallidentifycompaniessubjecttotheserestrictions
anddistributealistoftheserestrictedcompaniestoeachstate-
managedfund.Methodsofgatheringthisinformationarespecified
inthebill.