Missouri State Treasurer Vivek Malek returned to his college town of Cape Girardeau to advocate for House Bill 977, which aims to end Missouri’s public pensions from China. Malek highlighted national security concerns and financial issues related to investing in Chinese entities. He emphasized that investments in China have underperformed compared to other markets, putting taxpayer money at risk. The bill, which has passed in the House and is being considered in the Senate, would restrict public pension funds from investing in Chinese-owned or controlled entities.
Malek urged legislators to prioritize the issue and emphasized the importance of protecting Missouri’s financial future. He criticized pension boards for being slow to act and framed the bill as a measure to reinvest in Missouri’s economy and workforce. Malek’s goal is to safeguard retirees and taxpayers from financial and national security risks posed by investing in China. The bill marks a step towards protecting those who serve Missouri, such as teachers, law enforcement, and local employees, from being tied to an adversarial regime. Malek continues to advocate for the protection of taxpayer dollars and hopes to see the bill pass successfully through the legislative process.
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