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Iowa Code chapter 12 includes investment restriction and divestment mandates for public funds, including IPERS.
Each investment restriction and divestment mandate is summarized below. All lists are posted annually no later than October 1.
All lists are updated annually.
Sudan Investment Restrictions
Iowa Code chapter 12F prohibits IPERS from investing in certain companies doing business in Sudan. This law became effective July 1, 2007.
Iran Investment Restrictions
Iowa Code chapter 12H prohibits IPERS from investing in certain companies doing business in Iran. This law became effective on July 1, 2011.
Companies that Boycott Israel Restrictions
Iowa Code chapter 12J prohibits IPERS from investing in certain companies that boycott Israel. This law became effective on July 1, 2016, but did not apply to public funds such as IPERS until March 1, 2017. In 2022 the law was amended to broaden the definition of "Company."
China Investment Restrictions
Iowa Code chapter 12K prohibits IPERS’ investment in companies that are owned or controlled by the Chinese military or government services. This law became effective on July 1, 2023.