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HF 4165 - Requires Divestment from Russia and Belarus - Minnesota Key Vote

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Title: Requires Divestment from Russia and Belarus

Signed by Governor Tim Walz


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Title: Requires Divestment from Russia and Belarus

Vote Smart's Synopsis:

Vote to pass a bill that requires divestment from Russia and Belarus.

Highlights:

  • Requires State Board of Investment to “sell, redeem, or withdraw” direct holdings of assets such as: securities issued by companies based in Russia or Belarus, Russian or Belarusian currency (Page 2).

  • Establishes schedule for sale, redemption, or withdrawal of assets (Page 2).

  • Exempts investments in certain companies, such as those “primarily engaged in promoting health; education; or journalistic, religious or welfare activities in Russia or Belarus” (Page 3).

  • Requires State agencies to “promptly terminate existing contracts with Russian entities or Belarussian entities​ as practicable” (Page 4).


Full Bill Text

Title: Requires Divestment from Russia and Belarus

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