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SB 1340 - Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries - Arizona Key Vote

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Title: Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries

Vetoed by Governor Katie Hobbs


See How Your Politicians Voted

Title: Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that prohibits publicly managed funds from dealing with banks based in countries designated as foreign adversaries in Arizona.

Highlights:

  • Prohibits publicly managed funds from the state board of investment from investing in a foreign adversary, or a company/bank owned or domiciled in a foreign adversary (Sec. 2 A).

  • Requires the state board of investments to divest from any such companies in 2 years (Sec. 2 B).

  • Requires the state board of investments to start collecting information on and begin investigating companies that would be prohibited from receiving funds due to this act (Sec. 2 C).

Full Bill Text

See How Your Politicians Voted

Title: Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries

Vote Smart's Synopsis:

Vote to amend and pass a bill that prohibits publicly managed funds from dealing with banks based in countries designated as foreign adversaries in Arizona.

Highlights:

  • Prohibits publicly managed funds from the state board of investment from investing in a foreign adversary, or a company/bank owned or domiciled in a foreign adversary (Sec. 2 A).

  • Requires the state board of investments to divest from any such companies in 2 years (Sec. 2 B).

  • Requires the state board of investments to start collecting information on and begin investigating companies that would be prohibited from receiving funds due to this act (Sec. 2 C).

Full Bill Text

Title: Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries

Title: Prohibits Publicly Managed Funds from Dealing with Banks in Foreign Adversary Countries

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