---
type: "Bill"
title: "Foreign Investments by the State Board of Administration"
description: "Foreign Investments by the State Board of Administration; Prohibits SBA from acquiring certain holdings on behalf of specified entity; requires board to initiate review of direct holdings; requires board to develop divestment plan & divest of certain holdings."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2024"
identifier: "HB 7071"
citation: "Florida HB 7071 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
chapter_law: "2024-187"
primary_sponsors: ["Caruso"]
version_count: 2
action_count: 24
vote_count: 2
first_action: "2024-02-15"
last_action: "2024-05-16"
source: "openstates"
source_identifier: "ocd-bill/44db428a-45dc-48d4-a70d-d41188010abe"
source_url: "https://flsenate.gov/Session/Bill/2024/7071/ByCategory"
source_hash: "0f3be04b4cbdedee48093ca6305d544a451aa6b548d841648df95220bbe542a4"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida HB 7071 (2024) — Foreign Investments by the State Board of Administration

Foreign Investments by the State Board of Administration; Prohibits SBA from acquiring certain holdings on behalf of specified entity; requires board to initiate review of direct holdings; requires board to develop divestment plan & divest of certain holdings.

**Enacted** — Laws of Florida, Chapter 2024-187.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **H 7071 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2024/7071/BillText/Filed/PDF)
2. **H 7071 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2024/7071/BillText/er/PDF)

## Votes

- Third Reading — **39–0** (pass) · upper
- Passage, Third Reading — **111–0** (pass) · lower

## Sponsors

- Caruso — primary (person)
- State Affairs Committee — primary (organization)
- López, J. — cosponsor (person)
- Mooney — cosponsor (person)
- Roth — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-02-15** Filed `filing`
- **2024-02-15** 1st Reading (Original Filed Version) `filing, reading-1`
- **2024-02-16** Bill referred to House Calendar
- **2024-02-16** Added to Second Reading Calendar
- **2024-02-27** Bill added to Special Order Calendar (3/1/2024)
- **2024-03-01** Read 2nd time `reading-2`
- **2024-03-01** Placed on 3rd reading `reading-3`
- **2024-03-01** Added to Third Reading Calendar
- **2024-03-04** Read 3rd time `reading-3`
- **2024-03-04** Passed; YEAS 111, NAYS 0 `passage`
- **2024-03-04** In Messages
- **2024-03-04** Referred to Fiscal Policy `referral-committee`
- **2024-03-04** Withdrawn from Fiscal Policy `withdrawal`
- **2024-03-04** Placed on Calendar, on 2nd reading
- **2024-03-04** Substituted for SB 7060
- **2024-03-04** Received `enrolled`
- **2024-03-04** Read 2nd time `reading-2`
- **2024-03-04** Read 3rd time `reading-3`
- **2024-03-04** Passed; YEAS 39 NAYS 0 `passage`
- **2024-03-04** In Messages
- **2024-03-04** Ordered enrolled `enrolled`
- **2024-04-30** Signed by Officers and presented to Governor `executive-receipt`
- **2024-05-15** Approved by Governor `executive-signature`
- **2024-05-16** Chapter No. 2024-187

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/44db428a-45dc-48d4-a70d-d41188010abe`. Confidence: reported (aggregated from official Florida legislature records).