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Sunday, November 24, 2024

Niemerg on divestment: 'It’s time we do the same to China!'

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Rep. Adam Niemerg (R-Dieterich) | Photo Courtesy of Adam Niemerg

Rep. Adam Niemerg (R-Dieterich) | Photo Courtesy of Adam Niemerg

State Rep. Adam Niemerg is calling on Illinois to divest from China, much like a law signed in 2022 that required divestment from Russian entities.

In a Facebook post, Niemerg (R-Dieterich) shared an image from a piece published by the Council of State Governments (CSG) that focused on an Illinois law that requires the state to divest from banks and companies in Russia.

“It’s time we do the same to China!” he said. 

According to CSG, state law requires that "State colleges and universities must disclose endowments and donations provided by Russian companies. A new state-level task force will work to close loopholes in state law and practices that individuals, including Russian oligarchs, can exploit to launder money via purchases of high-end real estate. Another task force will explore policies to protect Illinois elections from possible Russian or other foreign interference.” 

Speaker of the House Emanuel Chris Welch (D-Chicago) filed House Bill 1293 in February 2021, and Gov. J.B. Pritzker (D) signed it into law in December. It became Public Act 102-1108 upon passage. 

Niemerg was first elected to the Illinois General Assembly in 2020, his official biography says. He now represents the 102nd District.

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