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MS SB2862

Bill

Official Source

Status

Failed

1/30/2018

Primary Sponsor

Chris McDaniel

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Requires the Public Employees' Retirement System, Highway Safety Patrol Retirement System, municipal retirement systems, and state agencies to divest public funds from entities with direct financial relationships with U.S. State Department-designated terrorist-sponsoring states (Iran, Sudan, Syria, and North Korea).

  • Mandates that divested holdings be replaced with comparable investments to maintain portfolio balance.

  • Exempts companies providing humanitarian aid to citizens of the designated nations from the divestment requirement.

  • Takes effect July 1, 2018.

Legislative Description

Public funds; prohibit investment in countries sponsoring terrorism.

Last Action

Died In Committee

1/30/2018

Committee Referrals

Finance1/15/2018

Full Bill Text

No bill text available