HB 2357 -- Public Retirement Plan Investments in Foreign
Companies

Sponsor:  Smith (150)

This bill requires any asset manager who invests in international
equities of publicly-traded foreign companies on behalf of any
retirement system established by the State of Missouri or any
political subdivision to attest semiannually in a written
statement to the respective retirement board that the manager
does not hold on behalf of the plan the stock of any foreign
company that, according to a reputable independent research
provider specializing in global security risk assessment, has
active business ties to Iran, North Korea, Sudan, or Syria that
are nonhumanitarian in nature.

The provisions of the bill will expire with the respect to each
individual country if the President of the United States
affirmatively and unambiguously states by means of, but not
limited to, enacted legislation, executive order, or written
certification that the United States Department of State no
longer recognizes Iran, North Korea, Sudan, or Syria as a state
sponsor of terrorism.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:13 pm