AL HB474

Prohibits Alabama's Teachers' Retirement System and Employees' Retirement System from investing in or lending assets to Chinese entities designated as threats to national security under federal executive orders and sanctions lists

Requires the State Auditor to create and publish a restricted entities list by January 1, 2027, with updates every six months thereafter

Restricted entities include those on 12+ federal lists: Chinese military-industrial companies, entities on export control lists, Uyghur forced labor violators, and companies flagged under the Secure and Trusted Communications Networks Act

Mandates the Boards of Control to identify current holdings in restricted entities and expeditiously divest from those investments upon publication of the restricted list

Effective date: October 1, 2026