A bill to authorize States and local governments to prohibit the investment of State assets in any company that has a qualifying business relationship with Sudan.
Sudan Divestment Authorization Act of 2007 - Declares the sense of Congress that states and other governmental entities should be permitted to provide for the divestment of certain state assets within their jurisdictions as an expression of opposition to the genocidal actions and policies of the Government of Sudan.
Authorizes any state to adopt measures to prohibit any investment of state assets in the Government of Sudan, or in any company with a qualifying business relationship with Sudan, during any period in which the Government of Sudan, or the officials of such government are subject to sanctions authorized under the Sudan Peace Act, the Comprehensive Peace in Sudan Act of 2004, the USA PATRIOT Improvement and Reauthorization Act of 2005, the Darfur Peace and Accountability Act of 2006, or any other federal law or executive order.
Defines state assets as any public pension, retirement, annuity, or endowment fund, or similar instrument managed by a state.
Applies this Act to measures adopted by a state before, on, or after the enactment of this Act.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2923-2926)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2926-2927)
Sponsor introductory remarks on measure. (CR S6823-6824)
Sponsor introductory remarks on measure. (CR E8676-8677)
Sponsor introductory remarks on measure. (CR S10342-10344)
Committee on Banking, Housing, and Urban Affairs. Hearings held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line