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ID HCR041
Concurrent Resolution
Status
3/22/2022
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Condemns the Russian government's unprovoked military attack on Ukraine and states that Russian investments pose significant risk of substantial loss to the Idaho Endowment Fund.
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Directs the Idaho Endowment Fund Investment Board to make good faith efforts to immediately sell, trade, or divest all Russian currency assets and any Russian government assets.
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Requires the Idaho Endowment Fund Investment Board to review and publicly disclose within seven days all investments in companies domiciled in Russia, companies that significantly use Russian materials in production, and companies that market or promote Russian products.
Legislative Description
States findings of the Legislature and directs the Endowment Fund Investment Board to divest from Russian governmental assets and certain other assets connected to Russia.
ENDOWMENT FUND INVESTMENT BOARD
Last Action
Delivered to Secretary of State at 9:40 a.m. on March 21, 2022
3/22/2022