FILE - The Florida Historic Capitol sits near the 22-story New Capitol building, which together are part of the Capitol Complex on July 26, 2023, in Tallahassee, Florida. The Florida State Board of Administration Audit Committee met this week to discuss the Sunshine State's investment performance and some changes that will impact foreign investment from certain countries.
The bill prohibits the SBA from investing further in these Chinese companies. Furthermore, the SBA must identify any current holdings and divest from these interests by Sept. 1, 2025. "We fully implemented that when the governor signed this bill into law in June, we identified initially 547 publicly traded entities in China that would fall under that criteria and we've initiated contact now with our fund managers to implement divestment from that," Spencer said at the audit meeting on Monday.