SB69 Alabama 2025 Session

Summary

Primary Sponsor

Andrew JonesSenator

Republican

Session

2025 Regular Session

Title

Public Investments; to prohibit Board of Control of ERSA and TRSA from investing with restricted entities affiliated with Communist Chinese military companies

Summary

SB69 would bar Alabama’s retirement systems from investing in Chinese entities tied to the Chinese military, require divestment of those holdings, and create a semiannual restricted-entity list.

What This Bill Does

The bill adds new rules for three Alabama retirement systems to avoid and divest from Chinese entities connected to the military. It prohibits buying or selling publicly traded securities of restricted entities or any securities that derive from them or provide exposure to them. The State Auditor must create and update a restricted-entity list every six months, and the retirement systems must not engage in investments with any listed entity and must divest holdings when a list is published. The changes take effect on October 1, 2025.

Who It Affects

• The Board of Control of the Retirement Systems of Alabama, along with the investment staff for the Teachers' Retirement System of Alabama and the Employees' Retirement System of Alabama, who must refrain from investing in restricted entities and must divest existing holdings when required.
• Chinese entities designated on federal or state restricted-entity lists (and any entity under the control of those restricted entities), which become off-limits for Alabama retirement investments.

Key Provisions

• Defines 'investment activities' and lists 'restricted entities' including Chinese entities designated by Executive Orders 13959 and 14105, plus various Treasury, Defense, Commerce, Homeland Security, and other official lists.
• Requires the State Auditor to publish and update a list of restricted entities no later than January 1, 2025, with updates every six months; retirement systems must not engage in investment activities with listed entities.
• Upon publication of the restricted-entity list, the Board of Control of the retirement system must identify any holdings in those entities and divest expeditiously.
• Prohibits the purchase or sale of any publicly traded securities to or from restricted entities, or any derivative or exposure designed to provide investment exposure to those securities.
• Effective date of the act is October 1, 2025.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Retirement