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Bill

HB 1668

Creates the "Foreign Adversary Divestment Act", requiring the state and local government entities to divest from investments in foreign adversaries

2026 Regular Session Introduced by Brian Seitz

Missouri bill requires state and local governments to divest pension and investment funds from designated foreign adversaries to protect taxpayer money from supporting hostile nations.

Referred: Emerging Issues(H)
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Bill Summary · HB 1668

Legislative bill overview

HB 1668 requires Missouri state and local government entities to divest from any investments in countries or entities designated as "foreign adversaries." The bill aims to align government pension funds and investment portfolios with national security interests by prohibiting public money from supporting potentially hostile nations or their economic interests.

Why is this important

Government pension funds and investment accounts represent billions in public assets, and their investment decisions can have significant financial and geopolitical implications. This bill attempts to prevent taxpayer money from indirectly funding or benefiting countries viewed as threats to U.S. interests, though implementation could affect investment returns and fund performance.

Potential points of contention

  • Definition ambiguity: The bill's effectiveness depends on how "foreign adversaries" are defined and by whom—unclear criteria could create legal challenges and inconsistent application across entities
  • Financial impact: Forced divestment may limit investment options, potentially reducing returns on pension funds that retirees and employees depend on, or increasing administrative costs to comply
  • Federal-state coordination: Conflicts may arise between state divestment requirements and federal investment strategies, or overlapping regulations from different government levels managing the same funds

Compiled from official sources — confirm details with the bill’s official record.

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