State lawmakers pass measure limiting state investment in Russian assets

The Illinois House gave final passage Wednesday to a bill aimed at prohibiting state investment in assets tied to Russia and Belarus in retaliation for their participation in the war in Ukraine. House Bill 1293, by Rep. Lindsey LaPointe, a Chicago Democrat, urges the state’s five retirement systems to divest their holdings in companies domiciled in either of those countries as well as their sovereign debt, and prohibits them from making new investments there.

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