First hearing in the Minnesota Senate this morning (1030am) on a bill requiring the state totally divest its investments in Russian entities. A companion measure awaits a vote in the House, possibly later this week. Sponsor, Minneapolis Democrat Sydney Jordan:
“This bill, while small, is an action we can take to stop Putin and his army from further atrocities in Ukraine.”
The bill would require the State Board of Investment make its best efforts to divest holdings in Russia and Belarus (bell-uh-ROOS) — 50 percent after nine months and 100 percent at the end of 15 months. The proposed legislation would also prohibit state agencies from having contracts with companies in those nations — paralleling a recent executive order by Governor Tim Walz.