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H 3509 - Prohibits local governments from investing in companies owned or controlled by the People's Republic of China

Tracking Level: Of Interest
Sponsor: Steven Long
Last Action: 3/1/2023 - House - Member(s) request name added as sponsor: Yow, Mitchell
House Committee: WM
Assigned To:
General GovernanceNext Bill
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Staff Analysis of the Legislation

Summary of the bill as introducedProhibits local governments from investing in companies owned or controlled by the People's Republic of China or the Chinese Communist Party.

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
H 3509 General Bill, By Long, Burns, Chumley, B.J. Cox, Cromer, Haddon, Harris, S. Jones, Kilmartin, Magnuson, May, McCabe, A.M. Morgan, T.A. Morgan, O'Neal, Oremus, Pace, Trantham, White, McCravy, Leber, Guffey, Beach, Landing, Yow and Mitchell
Similar (S 0163, H 3118, H 3510, H 3567)
Summary: Investments, authorized for political subdivision
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS OF A POLITICAL SUBDIVISION, SO AS TO PROHIBIT EACH POLITICAL SUBDIVISION FROM INVESTING IN CERTAIN COMPANIES OWNED OR CONTROLLED BY THE PEOPLE'S REPUBLIC OF CHINA OR THE CHINESE COMMUNIST PARTY OR WHOSE PRINCIPAL PLACE OF BUSINESS IS LOCATED WITHIN THE PEOPLE'S REPUBLIC OF CHINA.
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12/15/22House Prefiled
12/15/22House Referred to Committee on Ways and Means
01/10/23House Introduced and read first time (House Journal-page 192)
01/10/23House Referred to Committee on Ways and Means (House Journal-page 192)
01/12/23House Member(s) request name added as sponsor: Beach
02/01/23House Member(s) request name added as sponsor: Landing
03/01/23House Member(s) request name added as sponsor: Yow, Mitchell



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