Public Investments; to prohibit the Board of Control of the Employees' Retirement System and the Teachers' Retirement System from investing with restricted entities affiliated with Communist Chinese military companies
Pending Committee Action in House of Origin
Summary
The bill would bar the Boards of Control for the Teachers' and Employees' Retirement Systems of Alabama from buying, selling, or holding securities of any Chinese entity identified as supporting the Chinese military. A state‑generated list of such “restricted entities” must be created by Jan. 1, 2027 and refreshed twice a year, and the retirement systems would have to divest any holdings in those entities. The measure aims to align state investments with federal national‑security restrictions.
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