HB1668

Missouri HB1668 mandates divestment of state and local government funds from investments in foreign adversaries.

Missouri HB1668, known as the "Foreign Adversary Divestment Act," requires state and local government entities to divest from investments in foreign adversaries. This includes state-owned enterprises, companies domiciled within foreign adversaries, and those owned or controlled by foreign adversaries. The state treasurer must compile a list of restricted companies and ensure funds divest from these holdings within two years. The act defines "foreign adversary" as entities listed on the Specially Designated Nationals and Blocked Persons List by the U.S. Department of the Treasury.