HB 7071: Florida Requires State Pension to Divest from Chinese-Owned Investments
Summary
HB 7071 was enacted in March 2024 and requires the State Board of Administration, which manages the Florida Retirement System Pension Plan, to divest from Chinese state-owned entities. The bill defines "Chinese company" as an entity with over 50.1% ownership by China.
Impacted Sectors
Additional Information
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