MO HB2459

Missouri public retirement plans would be prohibited from holding stock in foreign companies with active, nonhumanitarian business ties to countries designated by the U.S. Department of State as state sponsors of terrorism

Asset managers investing in international equities for public retirement plans must submit semiannual written attestations to the board confirming no holdings violate the terrorism-linked investment restrictions

Plans currently holding prohibited stock must divest, with an exception allowing continued holding if the stock has been held for at least one year and selling would cause a loss of 5% or more

Independent research providers verifying company terrorism ties must be U.S.-based, have at least two years of market experience in global security risk assessment, and have no conflicts of interest from investment banking activities

Restrictions on a specific country automatically expire when the President certifies through legislation, executive order, or written notice to Congress that the country is no longer designated a state sponsor of terrorism