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Public institutions of higher education; endowments; investment management; certain divestment practices prohibited. Prohibits any public institution of higher education or any affiliated foundation, investment management company, or other entity that is responsible for managing or investing endowment funds of the institution from establishing or implementing any policy or practice of divesting from all investments in any country or territory that is not the subject of an active sanctions program administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury.
Introduced
Jan 8, 2025
Last Action
Feb 4, 2025
Session
VA 2025
Sponsors
1 primary · 1 co
Left in Rules
Fiscal Impact Statement from Department of Planning and Budget (HB2529)
Prefiled and ordered printed; Offered 01-08-2025 25102939D
Referred to Committee on Rules
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Rules
Michael J. Jones
Dan I. Helmer