Russian Divestment Bill

What is happening? States calling for Russian divestment is a hot topic. Maryland Legislature is in session and considering HB 1482 (2022 | MD) that would do the usual- divest state funds from Russia related interests.

Why is this important? This bill establishes these 2 exceptions, that would not require divestment if:

(1) the U.S. government affirmatively declares to be excluded from federal sanctions and
(2) the divestment cannot be executed for at least fair market value

How will this be important? During debate in the Maryland House, Republicans attempted to also divest from China.

Maryland Matters | Legislative Roundup: Gas Tax Holiday, Russian Pension Divestment, and Scrutinizing Kaiser’s New Gig