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.

Statutes affected:
Introduced: 36-27-25, 16-25-20, 36-27-25