ID H0640

Prohibits all Idaho state-managed funds—including public pension funds, government investment accounts, and university endowments—from holding investments in foreign adversaries, their state-owned enterprises, or companies domiciled in or controlled by foreign adversaries

Designates foreign adversaries as defined in 15 CFR 791.4 (as of February 1, 2026): People's Republic of China (including Hong Kong and Macau), Cuba, Iran, North Korea, Russia, and the Venezuelan regime of Nicolás Maduro

Prohibits state-managed funds from depositing public funds in any bank domiciled or principally located in a foreign adversary nation

Requires immediate good-faith divestment of any currently held investments that violate the new restrictions

Takes effect July 1, 2026, with an emergency clause; includes severability provisions and protections for existing fiduciary requirements and federal law compliance