Indiana Code 5-10.2-13-1. General assembly findings
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Sec. 1. The general assembly finds the following:
(2) The People’s Republic of China has both the motivation and capability to interfere with and impose economic, political, or military harm on the United States and its people.
(1) Mandatory divestment by the system of fund holdings in entities and investment products is a measure that should be employed only under extraordinary circumstances.
Terms Used In Indiana Code 5-10.2-13-1
- fund: refers to any public pension and retirement funds of the system (as defined in Indiana Code 5-10.2-13-5
- investment: refers to any investment that the board or system is authorized to make under Indiana Code 5-10.2-13-6
- system: has the meaning set forth in Indiana Code 5-10.2-13-10
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) Economic support for and investment in Chinese entities unnecessarily increase the risk to the security and welfare of the United States and the people of Indiana.
(4) The threat from these entities constitutes the extraordinary circumstances necessary for mandatory divestment by the system of the fund holdings in restricted entities and restricted investment products.
As added by P.L.104-2023, SEC.1.