HB 34 – Bans investment in hostile nations

HB 34 protects Texas taxpayers by helping to ensure public funds are not invested in nations that pose a threat to U.S. national security, like China and Iran. The bill adds safeguards by requiring divestment from certain companies tied to these countries, preventing Texas from unintentionally funding adversarial governments. It also allows the governor, in consultation with state security officials, to expand the list as global threats evolve. This proactive measure helps to minimizes financial risk, promotes economic security, and prevents public dollars from supporting hostile regimes. The bill promotes responsible state investing and ensures taxpayer funds are aligned with Texas’ security and values.