Committee advances bill letting CAPERS invest in select foreign sovereign debt with tighter safeguards The Senate committee moved Senate Bill 232 out favorably after adopting an amendment that narrows which foreign sovereign obligations CAPERS may buy, adds Fitch ratings, requires high credit standards and bars investment in countries that have defaulted; investments are capped at 5% of investable cash.

Kansas Senate Bill 232 tightens the reins on foreign investment for CAPERS, ensuring only the most reliable nations can be considered—are your finances ready for this change?

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Committee hears proposal to broaden local governments' investment options, with safeguards Lawmakers and municipal treasurers discussed legislation to let local units invest in a wider range of securities while retaining public oversight and written policies under Public Act 20. Proponents said limited-term corporate bonds, out-of-state time deposits and out-of-state municipal bonds could increase yield with low default risk if strict “A

Michigan lawmakers are pushing to expand local governments' investment options while ensuring transparency and safety, potentially boosting interest earnings by millions!

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#MI #CitizenPortal #InvestmentSafeguards #LocalFiscalPolicy #PublicTransparency