Senate Resolution No. by Senator Hodges urges the boards of trustees of Louisiana's state retirement systems to conduct a thorough review of their investments in companies connected to China, particularly those controlled by the Chinese government, military, or Communist Party. The resolution highlights the growing geopolitical risks associated with such investments, citing concerns over potential losses due to market manipulation and lack of transparency. It calls for a prudent and orderly divestment from these holdings, aligning with similar actions taken by other states and federal entities.
Furthermore, the resolution mandates that the executive directors of the state retirement systems report their findings to the Senate Retirement Committee by December 1, 2026. This report should detail current holdings in China-connected investments, including the names of issuers, market values, portfolio percentages, and the nature of the holdings (direct or indirect). The resolution emphasizes the fiduciary responsibility of the retirement system officials to protect the interests of state employees and their retirement savings.