STATEHOUSE (Jan. 21, 2021) — State Sen. Andy Zay (R-Huntington) recently filed Senate Bill 140, which would prevent state government pensions from being invested in foreign entities that could pose a threat to the United States.
The bill would require the board of trustees of the Indiana Public Retirement System to divest in entities and investment products that the federal government has determined pose a significant risk to the national security or foreign policy interests of the United States, including companies affiliated with the Chinese government.
"This country is home to the hardest working people in the world, and I have authored this bill to protect Hoosiers' retirement from any foreign interference," said Zay. "Hoosier workers are the backbone of this state, and they deserve the peace of mind this legislation would provide."
The bill would also require the creation of a system to provide an audited statement of compliance with this requirement.
SB 140 has been assigned to the Senate Committee on Pensions and Labor.
For a high-resolution photo of Zay, click here.