MT SB459

Montana Board of Investments prohibited from investing in securities listed on exchanges in jurisdictions where the federal Public Company Accounting Oversight Board has not conducted required inspections of accounting firms due to foreign government restrictions

Board required to consult with the Securities and Exchange Commission on a biennial basis to ensure compliance with investment restrictions

Divestment from restricted securities mandated when it can be achieved without loss of capital or revenue, or whenever prudent

Legislation implements Article VIII, Section 13 of the Montana Constitution requiring prudent, safe, and conservative investments

Effective date: July 1, 2025