Missouri House panel OKs terrorism investment rules - KAIT Jonesboro, AR - Region 8 News, weather, sports

Missouri House panel OKs terrorism investment rules

JEFFERSON CITY, Mo. (AP) - A Missouri House committee has approved a bill banning state retirement funds from investing in companies with ties to countries that sponsor terrorism.

The countries are those the U.S. government considers to be sponsors of terrorism, including Iran, Sudan and Syria.

The Missouri State Employees' Retirement System adopted a policy in 2005 requiring terrorism screening on direct investments.

The system dropped that policy in March 2009 after deciding the screening was not cost-effective. It now checks investments against a federal list.

The legislation needs another committee vote before it can be debated on the House floor.

Anti-terrorism investing is HB2357

On the Net:

Legislature: http://www.moga.mo.gov

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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