Investor Presentaiton
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HB 401 Bill Summary
Prohibits investment in and requires divestment of Russian assets in funds subject to AS 37.10.
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Assets include all sovereign debt of the Russian Federation and publicly traded securities of a company
identified by the United States Department of Treasury, Office of Foreign Assets (OFAC).
Provides for a 180-day exit from the assets once identified.
Divestment is not required for comingled funds, but the fiduciary is required to request that fund
managers consider divestment annually on January 31.
Precludes the Commissioner of Revenue or other fiduciary from conducting business with banks who are
"profiteering" from the Russian invasion of Ukraine.
ALAT
THE STATE
"ALASKA
Governor Mike Dunleavy
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