Bill would limit state investments in Chinese companies: ‘We want to make sure RSA is following federal law’ – Center for Security Policy

Bill would limit state investments in Chinese companies: ‘We want to make sure RSA is following federal law’ – Center for Security Policy

Legislation by State Sen. Andrew Jones (R-Centre) would limit which Chinese companies the Retirement Systems of Alabama (RSA) can invest in. The bill would enforce on RSA a 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. The bill would prohibit the purchase or sale of…