SB251 Alabama 2024 Session

Updated Jan 14, 2026

Senate Bill

Expired

Current Status

Regular Session 2024

Session

Sponsor

Summary

Primary Sponsor: Andrew Jones Senator
Republican
Session: Regular Session 2024
Title: Public Investments; to prohibit Board of Control of ERSA and TRSA from investing with restricted entities affiliated with Communist Chinese military companies
Description: Under existing law, the Board of Control of the Retirement Systems of Alabama is authorized to act as trustee of several funds and is granted full power to invest and reinvest funds.
This bill would enforce the prohibition placed on investment activities by certain Presidential Executive Orders addressing an identified national emergency regarding the threat from securities investments that finance Communist Chinese military companies.
This bill would prohibit the purchase or sale of any publicly traded securities to or from certain entities affiliated with Communist Chines military companies or any publicly traded securities that are derivative of such securities or are designed to provide investment exposure to such securities.
The bills would also provide for certain definitions.
Subjects: Retirement