SF 98: Relating to the investment of certain public funds in companies that are owned or controlled by Chinese military or government services

What it does

This bill relates to the investment of certain public funds in companies that are owned or controlled by Chinese military or government services. The bill defines “company” as any business or business entity that is publicly traded and that is not based in the United States. The bill defines “direct holdings” in a company as all securities of a company held directly by the public fund or in an account or fund in which the public fund owns all shares or interests. The bill defines “indirect holdings” in a company as all securities of a company held in an account or fund managed by one or more persons not employed by the public fund, in which the public fund owns shares or interests together with other investors not subject to the provisions of this new Code chapter 12K.

Senate subcommittee · named January 26, 2023

• Sen. Tim Kraayenbrink (R) · tim.kraayenbrink@legis.iowa.gov
• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
• Sen. Pam Jochum (D)

Lobbying · 1 for, 0 against

For: Iowa Baptists For Biblical Values

In plain words

1. January 19, 2023Filed in the Senate and sent to the State Government committee
2. January 26, 2023Senate subcommittee named: Kraayenbrink, Bousselot and Jochum
3. February 9, 2023Subcommittee recommended passing it with changes
4. February 27, 2023Approved by the Senate committee, and given a new number: SF 418