SB 308 – Modifies the law relating to the investment policies of the state

• Sponsor: Chappelle-Nadal
• LR Number: 1230S.01I
• Committee: Insurance and Banking
• Last Action: 1/19/2017 - Second Read and Referred S Insurance and Banking Committee
• Journal Page: S148
• Effective Date: Upon Voter Approval

Current Bill Summary

SB 308 - Under this act, the State of Missouri, the political subdivisions thereof, and any retirement system established by the state or any political subdivision are prohibited from contracting with or investing in individuals, partnerships, corporations, or other legal entities investing or doing business with Russia or any territory occupied by Russia. Existing contracts shall not be renewed and shall be cancelled or divested as soon as prudently possible.

This act contains a referendum clause.

This act is similar to SB 573 (2016).

SCOTT SVAGERA