Public Finance; Enacting The Foreign Adversary Divestment Act Of 2024; Imposing Duty On State Treasurer; Effective Date.

AI Summary

The Foreign Adversary Divestment Act of 2024 is a bill that imposes obligations on the State Treasurer regarding divestment from foreign adversaries. The purpose of this act is to prevent investments in entities linked to countries deemed as adversaries to the United States. It aims to safeguard national security interests and protect sensitive information from falling into the hands of hostile nations. The bill sets out specific guidelines for divesting state funds from such entities and outlines the effective date for compliance with these provisions.

• 2023-02-06: First Reading

• 2023-02-06: Authored by Representative McCall

• 2023-02-07: Second Reading referred to Rules

• 2024-02-26: CR; Do Pass, amended by committee substitute Rules Committee

• 2024-03-12: General Order

• 2024-03-12: Coauthored by Representative(s) Lepak

• 2024-03-12: Authored by Senator Treat (principal Senate author)

• 2024-03-12: Third Reading, Measure passed: Ayes: 91 Nays: 0

• 2024-03-12: Referred for engrossment

• 2024-03-13: Engrossed, signed, to Senate

• 2024-03-13: First Reading

• 2024-03-19: Second Reading referred to Rules