HARRISBURG – Citing increasing instability across the world, Rep. Clint Owlett of Tioga & Bradford Counties has introduced legislation that would require an examination of geopolitical risk be conducted as part of the investment analysis when the state Treasury or PA’s public pension funds invest in the financial assets of foreign countries. Owlett says as leaders, we have a responsibility to be good stewards of taxpayer dollars and we cannot do that if we are investing assets in unstable or unfriendly foreign nations. House Bill 2280 would also require an annual report be compiled by the public investment funds and sent to the General Assembly outlining investments in foreign nations. Combined, the state’s Treasury and public pension funds total more than $150 billion in taxpayer assets. PA Treasurer Stacy Garrity supports the measure.
REP. CLINT OWLETT