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AR HB1352
Bill
Status
4/21/2025
Primary Sponsor
Howard Beaty
Click for details
AI Summary
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State funding will be withheld from any state-supported institution of higher education that has a Confucius Institute or similar institute related to the People's Republic of China; existing institutes must be abolished by December 31, 2025
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State-supported institutions of higher education are prohibited from investing in Chinese companies or restricted investment products
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Municipalities are prohibited from forming sister cities with parties from countries subject to International Traffic in Arms Regulations (22 C.F.R. § 126.1); existing sister city agreements with prohibited foreign parties must be terminated
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Public investment entities, including public pension funds, retirement funds, and the Treasurer of State, are prohibited from knowingly investing state or local funds in Chinese companies or depositing funds in Chinese banks
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Public investment entities must report all Chinese company investments within six months and annually by July 1, then divest 100% of such investments within 12 months of reporting; exemptions exist for investments where Chinese companies comprise less than 1% of value or where divestment costs exceed 1% of total portfolio value
Legislative Description
To Amend Various Laws Concerning Actions Related To Certain Foreign Entities.
Last Action
Notification that HB1352 is now Act 937
4/21/2025