FL S0070

Requires the State Board of Administration to divest from any institution or company doing business with the Venezuelan government, including indirect transactions through brokers or intermediaries.

Prohibits state agencies from investing in any financial institution or company that extends credit, advances funds, or trades goods or services with the Venezuelan government or its agencies.

Authorizes the Governor to waive these Venezuela-related investment prohibitions if the Venezuelan regime collapses and immediate aid is needed before the Legislature convenes, or for humanitarian reasons related to natural disasters.

Adds Venezuela divestiture and investment restrictions to existing Florida law provisions that already contained similar prohibitions against investments in Cuba.

Effective date: July 1, 2018.