Committee approves Foreign Adversary Divestment Act for state-managed funds
House Bill 1561 would require state-managed funds to divest from or avoid investments in designated foreign adversaries; the committee passed the bill 8-0 after the sponsor described it as a requirement for state-managed funds.
The full story
The House Committee on Banking, Financial Services and Pensions voted 8-0 to pass House Bill 1561, the Foreign Adversary Divestment Act, which the sponsor described as requiring state-managed funds to stop investing in foreign adversaries.
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