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Appropriations panel trims Chinese-divestment language, then recommends 'do not pass' on amended House Bill 1330
Summary
The Senate Appropriations Committee removed a new in‑state infrastructure provision and changed mandatory divestment language in House Bill 1330 so the State Investment Board may divest Chinese holdings. After further debate the committee voted 11–5 to recommend the amended bill be not passed.
The Senate Appropriations Committee considered House Bill 1330, a proposal addressing Chinese holdings in state investment accounts, and voted to recommend “do not pass” on the bill as amended, 11–5.
The bill, presented to the committee by Senator Caitlin Dwyer, originally would have required mandatory divestment of direct Chinese investments from state funds. Senator Dwyer said the version that came to the committee replaced a mandatory timetable with language authorizing — but not requiring — the State Investment Board to divest: “we felt that that was a better approach … give them the authority to do it,” she said. The amendment also consolidated three definitions (China, Chinese company, company) in the section that grants the board authority.
Committee members also debated a separate provision that would authorize concentrated in‑state infrastructure investments if the Legacy and Budget Stabilization Fund…
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