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Missouri Weighs Ban on Investments in State Terror Sponsors

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Republicans in the Missouri Senate want to make sure the governor doesn't create a health care exchange without their consent.

The Missouri Senate is advancing a proposed ban on state investments in companies with operations in countries designated as state sponsors of terrorism.

Senators gave initial approval Wednesday to the legislation.

The measure is sponsored by Republican Sen. Eric Schmitt, of Glendale. He's running for state treasurer, whose office oversees how state funds are invested.

The federal government considers Syria, Sudan and Iran to be state sponsors of terrorism. The Missouri treasurer's office has a policy in place not to invest in companies with operations in those countries, and Schmitt says his bill would make that policy law.

No one spoke against the bill on the Senate floor. It needs a second vote of approval to move to the House.