SB 667 – Protects pensions from foreign control

SB 667 protects Texas taxpayer-funded pension systems from exposure to Chinese-affiliated companies linked to national security risks. It ensures that state retirement funds no longer invest in foreign adversaries that threaten U.S. economic and strategic interests. By mandating divestment from listed Chinese-controlled entities, the bill prioritizes economic security and fiduciary responsibility. It shields public funds from geopolitical volatility and potential financial manipulation by hostile regimes. Transparency measures require public reporting and allow the Attorney General to enforce compliance. Overall, the bill represents a sound step toward aligning public investments with national and economic security while safeguarding taxpayers from indirect support of foreign threats.