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Foreign Adversary Divestment

In committee: it can still change before the session ends.

IL SB 3494 · Senate Bill · 103rd

Stage
In committee
Started in
Senate
Sponsor
1
Latest action
Feb 9, 2024

What it does

Creates the Foreign Adversary Divestment Act. Defines "foreign adversary" as the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Republic of Cuba, the Venezuelan regime of Nicolas Maduro, or the Syrian Arab Republic, or any other entity deemed to be a foreign adversary by the Governor in consultation with the Director of the Illinois Emergency Management Agency and Office of Homeland Security. Provides that all State-managed funds and local-managed funds are prohibited from holding investments in any foreign adversary, State-owned enterprise of a foreign adversary, company domiciled within a foreign adversary,…

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Where it stands

  1. Introduced (Done)

  2. Committee (Current step)

    In committee · Feb 9, 2024

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Illinois.

Work with this bill

FOREIGN ADVERSARY DIVESTMENT | 52