LC 772 Legislature · 2025 Regular Session

Revise laws related to investments made by the board of investments

This bill directs Montana's Board of Investments to avoid investing in securities traded in jurisdictions where federal accounting oversight is restricted or blocked. It requires the board to consult with the Securities and Exchange Commission every two years to ensure compliance with these investment restrictions. The legislation mandates that the board divest from any securities it cannot invest in under these rules, either when doing so causes no financial loss or whenever deemed prudent. These changes apply to all state investments managed by the board and take effect on July 1, 2025.
Bill status introduced 1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 4, 2024 Last action Feb 24, 2025
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