Texas HB34 prohibits state investments in certain countries and companies linked to those countries.

Texas HB34 amends the Government Code to prohibit state investments in countries of concern, defined as China, Iran, North Korea, Russia, or any country designated by the governor. The bill also prohibits investments in companies owned or controlled by these countries or their citizens. The governor can consult with the Homeland Security Council to assess a country's status. The comptroller must maintain a list of scrutinized companies and notify entities of their status. The bill takes effect September 1, 2025.

Texas HB34 prohibits state investments in certain countries and companies linked to those countries.

Texas HB34 amends the Government Code to prohibit state investments in countries of concern, defined as China, Iran, North Korea, Russia, or any country designated by the governor. The bill also prohibits investments in companies owned or controlled by these countries or their citizens. The governor can consult with the Homeland Security Council to assess a country's status. The comptroller must maintain a list of scrutinized companies and notify entities of their status. The bill takes effect September 1, 2025.