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House Bill 1484


House Bill 1484

ARCHIVE (2007)

Latest Information

 

DIGEST OF HB1484 (Updated February 26, 2007 4:41 pm - DI 84)


Sudan divestment. Requires the public employee's retirement fund (PERF) and the Indiana state teachers' retirement fund (TRF) to contact, in the capacity of shareholders, companies with certain business activities in Sudan, and request that the companies cease those business activities. Prohibits PERF and TRF from investing in those companies that are unresponsive to the requests. Provides that PERF and TRF are required to sell or transfer any investments in a company that is unresponsive to the requests. Requires PERF and TRF to report any investments with a company with business operations in Sudan to the general assembly. Specifies that private equity funds are excluded from the coverage of these provisions.
Current Status:
 In Committee - 2nd House
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