SF 418: Relating to the investment of certain public funds in certain companies, concerning companies that are owned or controlled by Chinese military or government services and public fund review requirements

What it does

This bill relates to restrictions on the investment in certain companies by public funds. The bill amends Code chapters 12F and 12H relating to Sudan-related and Iran-related investments to provide that public funds are required to review their lists of scrutinized companies on an annual and not a quarterly basis. The bill also creates new Code chapter 12K concerning the investment of public funds in companies owned by the Chinese military or government. The bill defines “company” as any business or business entity that is publicly traded and that is not based in the United States.

House subcommittee · named March 27, 2023

• Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov
• Rep. David E. Young (R) · david.young@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Iowa Baptists For Biblical Values

In plain words

1. February 27, 2023Filed in the Senate
2. February 27, 2023Approved by the Senate committee
3. March 22, 2023Passed the Senate, 49–1
4. March 27, 2023Arrived in the House
5. March 27, 2023House subcommittee named: Lundgren, Judge and Young
6. March 29, 2023Subcommittee recommended passing it
7. March 30, 2023Approved by the House committee
8. April 19, 2023Passed the House, 95–0
9. May 3, 2023Sent to the Governor
10. May 3, 2023Signed into law