HB 396-DIVEST INVESTMENTS IN RUSSIAN ENTITIES                                                                      
                                                                                                                                
3:34:52 PM                                                                                                                    
                                                                                                                                
CHAIR KREISS-TOMKINS  announced that  the next order  of business                                                               
would  be  HOUSE  BILL  NO.  396,  "An  Act  restricting  certain                                                               
investments  of  state funds  in  certain  Russian entities;  and                                                               
providing for an effective date."                                                                                               
                                                                                                                                
CHAIR KREISS-TOMKINS opened public testimony.                                                                                   
                                                                                                                                
3:35:23 PM                                                                                                                    
                                                                                                                                
ADAM HYKES,  said, as an  investor in the Alaska  Permanent Fund,                                                               
he had  a huge problem with  forcing a divestment policy  that he                                                               
would not otherwise  support.  He opined that Ukraine  was a "hot                                                               
button  issue," further  speculating  that the  bill was  hastily                                                               
thrown together.  He expressed  his opposition to the practice of                                                               
placing economic sanctions on another  nation.  He reiterated his                                                               
opposition to HB 396.                                                                                                           
                                                                                                                                
3:38:24 PM                                                                                                                    
                                                                                                                                
CHAIR  KREISS-TOMKINS  closed  public  testimony on  HB  396  and                                                               
announced that the bill was held over.