Florida divests investments in Chinese gov-owned companies by 2025 due to House Bill 7071.

Florida is divesting its investments in Chinese government-owned companies after House Bill 7071 was passed during the 2024 legislative session. The bill prohibits investments in these companies and requires the State Board of Administration (SBA) to divest from current holdings by September 1, 2025. The SBA also oversees the implementation of House Bill 5C from 2023, which expands the criteria for prohibited investments related to Iran.

August 17, 2024
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