Illinois HB3123 prohibits investments in Chinese Communist Party debt, securities, and companies tied to China or Russia.

HB3123 amends Illinois laws to prohibit state investments in Chinese Communist Party sovereign debt, securities, and companies subject to Chinese sanctions. It also bans investments in Russian and Belarusian sovereign debt, securities, and companies subject to Russian sanctions. The Illinois Investment Policy Board must identify and list restricted companies. Retirement systems must divest from these companies and report annually on their efforts. The bill also requires state contractors to disclose business with restricted entities.

Illinois HB3123 prohibits investments in Chinese Communist Party debt, securities, and companies tied to China or Russia.

HB3123 amends Illinois laws to prohibit state investments in Chinese Communist Party sovereign debt, securities, and companies subject to Chinese sanctions. It also bans investments in Russian and Belarusian sovereign debt, securities, and companies subject to Russian sanctions. The Illinois Investment Policy Board must identify and list restricted companies. Retirement systems must divest from these companies and report annually on their efforts. The bill also requires state contractors to disclose business with restricted entities.