Texas HB4900 prohibits state investments in certain countries and companies linked to those countries.

Texas HB4900 amends the Government Code to restrict state investments in specific countries and companies. It defines "country of concern" as China, Iran, North Korea, Russia, or any country designated by the governor. The bill prohibits investing entities from investing in banks located in these countries or acquiring securities from entities controlled by these countries. Companies organized under the laws of, having their principal place of business in, or controlled by a country of concern are scrutinized companies.

Texas HB4900 prohibits state investments in certain countries and companies linked to those countries.

Texas HB4900 amends the Government Code to restrict state investments in specific countries and companies. It defines "country of concern" as China, Iran, North Korea, Russia, or any country designated by the governor. The bill prohibits investing entities from investing in banks located in these countries or acquiring securities from entities controlled by these countries. Companies organized under the laws of, having their principal place of business in, or controlled by a country of concern are scrutinized companies.