ID H0763

Prohibits Idaho state-managed funds from making new investments on or after July 1, 2026, in foreign adversaries, their state-owned enterprises, companies domiciled in or controlled by foreign adversaries, and banks with principal operations in those countries.

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

Applies to public pension funds, public retirement funds, state investment and rainy day funds, and university/college endowments managed by Idaho governmental entities.

Existing investments made prior to July 1, 2026, are grandfathered and not subject to the prohibition.

Includes a limitation ensuring the act does not conflict with required federal fiduciary requirements or financial safeguards applicable to state-managed funds.