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HB 359: State Investments

GENERAL BILL by Nunez ; Diaz, M. ; (CO-INTRODUCERS) Caldwell ; Daniels ; Donalds ; Fant ; Jenne ; McClain ; Metz ; Miller, M. ; Perez ; Plasencia ; Stark ; Yarborough

State Investments; Requires SBA to divest certain investments & prohibits investments in specified institutions doing business with Venezuela, in violation of federal law; prohibits SBA from voting in favor of proxy resolution advocating expanded U.S. trade with such government; prohibits state agencies from investing in specified entities extending credit, buying, or trading goods or services with Venezuela; authorizes Governor to waive investment prohibitions if certain conditions exist.

Effective Date: 7/1/2018
Last Action: 3/29/2018 - Chapter No. 2018-125
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    10/17/2017 House • Filed
    10/26/2017 House • Referred to Oversight, Transparency and Administration Subcommittee; Ways and Means Committee; Government Accountability Committee -HJ 34
    11/9/2017 House • On Committee agenda-- Oversight, Transparency and Administration Subcommittee, 11/16/17, 9:00 am, Morris Hall
    11/16/2017 House • Favorable by Oversight, Transparency and Administration Subcommittee; YEAS 10 NAYS 0 -HJ 255
    • Now in Ways and Means Committee -HJ 255
    11/28/2017 House • On Committee agenda-- Ways and Means Committee, 12/05/17, 4:00 pm, Morris Hall
    12/5/2017 House • Favorable by Ways and Means Committee; YEAS 18 NAYS 0 -HJ 256
    • Now in Government Accountability Committee -HJ 256
    1/9/2018 House • Introduced -HJ 34
    • On Committee agenda-- Government Accountability Committee, 01/11/18, 10:30 am, Morris Hall
    1/11/2018 House • Favorable by- Government Accountability Committee; YEAS 21 NAYS 0 -HJ 320
    • Placed on Calendar -HJ 320
    1/18/2018 House • Placed on Special Order Calendar, 01/24/18
    1/24/2018 House • Read 2nd time -HJ 399
    • Placed on 3rd reading
    1/25/2018 House • Read 3rd time -HJ 420
    • Passed; YEAS 107 NAYS 0 -HJ 420, 421
    1/31/2018 Senate • In Messages
    2/1/2018 Senate • Referred to Governmental Oversight and Accountability; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 263
    • Received -SJ 263
    3/7/2018 Senate • Withdrawn from Governmental Oversight and Accountability; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 785
    • Placed on Calendar, on 2nd reading -SJ 821
    • Substituted for SB 538 -SJ 785
    • Read 2nd time -SJ 785
    • Placed on 3rd reading
    3/8/2018 Senate • Read 3rd time -SJ 888
    • Passed; YEAS 36 NAYS 0 -SJ 888
    3/8/2018 House • Ordered enrolled -HJ 1111
    3/14/2018 • Signed by Officers and presented to Governor
    3/28/2018 • Approved by Governor
    3/29/2018 • Chapter No. 2018-125

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  • HB 359, Enrolled (Current Bill Version) Posted 3/8/2018 at 1:27 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 279 State Investments Hager Similar Last Action: 10/23/2017 H Withdrawn prior to introduction, companion bill(s) passed, see HB 359 (Ch. 2018-125) -HJ 28
    S 70 State Investments Rodriguez Similar Last Action: 3/10/2018 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see HB 359 (Ch. 2018-125)
    S 538 State and Local Governmental Relations with The Government of Venezuela Garcia Similar Last Action: 3/7/2018 S Laid on Table, companion bill(s) passed, see HB 359 (Ch. 2018-125) -SJ 785

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.471 Divestiture by the State Board of Administration; reporting requirements. Page 2 (pdf)
    215.472 Prohibited investments. Page 4 (pdf)

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  • HB 359, Original Filed Version Posted 10/17/2017 at 4:26 PM

    Bill Text:   PDF
    Analyses:   Oversight, Transparency and Administration Subcommittee (Post-Meeting) 4/4/2018 (pdf)
    Ways and Means Committee (Post-Meeting) 12/5/2017 (pdf)
    Government Accountability Committee (Post-Meeting) 1/11/2018 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 279 State Investments Hager Similar Last Action: 10/23/2017 H Withdrawn prior to introduction, companion bill(s) passed, see HB 359 (Ch. 2018-125) -HJ 28
    S 70 State Investments Rodriguez Similar Last Action: 3/10/2018 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see HB 359 (Ch. 2018-125)
    S 538 State and Local Governmental Relations with The Government of Venezuela Garcia Similar Last Action: 3/7/2018 S Laid on Table, companion bill(s) passed, see HB 359 (Ch. 2018-125) -SJ 785

    Floor Votes (3)

    Date Chamber Result
    1/25/2018 2:07 PM House 107 Yeas - 0 Nays
    3/8/2018 12:38 PM Senate 33 Yeas - 0 Nays
    3/8/2018 12:44 PM Senate 36 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.471 Divestiture by the State Board of Administration; reporting requirements. Page 2 (pdf)
    215.472 Prohibited investments. Page 4 (pdf)

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