HCS HB 2357 -- PUBLIC RETIREMENT PLAN INVESTMENTS IN FOREIGN
COMPANIES (Smith, 150)

COMMITTEE OF ORIGIN:  Committee on Veterans

This substitute 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 any country designated by
the United States Department of State as a state sponsor of
terrorism that is nonhumanitarian in nature.

The provisions of the substitute will expire with 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 the country as a state sponsor of terrorism.

FISCAL NOTE:  No impact on state funds in FY 2011, FY 2012, and
FY 2013.

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