SB 253

85(R) - 2017
Senate Business & Commerce
Senate Business & Commerce

Companion Bill

HB 1143

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Van Taylor

Bill Caption

Relating to investment prohibitions and divestment requirements for certain investments of public money.

Fiscal Notes

From the Legislative Budget Board: Depending upon the difference in returns for investments affected by the bill and returns for investments which would replace them, there could be an indeterminate fiscal impact to the state.

Bill Analysis

Under current law, certain state funds are prohibited from being invested in companies that engage in business with the governments of Iran and Sudan. This legislation would extend that same prohibition to other state funds and expand the list of companies that must be divested from to include any company that engages in business with an organization designated by the US State Department as a terrorist organization.

Vote Recommendation Notes

While it is likely sound public policy to ensure the state divests from any company doing business with state sponsors of terrorism or with terrorist organizations, such divestiture does not explicitly affect our liberty principles. 

Organizations Opposed

Texas Impact