FL H0811

Reduces the maximum percentage of State Board of Administration funds that may be invested in foreign securities from 50% to 35% of any fund.

Requires the State Board of Administration to maintain and update quarterly two lists: "Scrutinized Companies with Activities in Sudan List" and "Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List" based on specified criteria including oil-related activities, mineral extraction, military equipment supply, and investments in Iran's petroleum sector.

Creates exemptions from divestment requirements for indirect holdings in actively managed investment funds and exchange-traded funds, though fund managers must receive letters requesting removal of scrutinized companies.

Establishes conditions for expiration of Sudan divestment requirements (Darfur genocide halt, U.S. sanctions revocation, Sudan government compliance certification, or foreign policy interference) and Iran divestment requirements (Iran weapons/terrorism cessation, U.S. sanctions revocation, or foreign policy interference).

Requires domestic insurers to provide annual lists to the state office of their investments in companies on the State Board of Administration's scrutinized company lists, including issuer names and security details.