S.831 - Sudan Divestment Authorization Act of 2007110th Congress (2007-2008)
|Sponsor:||Sen. Durbin, Richard J. [D-IL] (Introduced 03/08/2007)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 10/03/2007 Committee on Banking, Housing, and Urban Affairs. Hearings held. (All Actions)|
This bill has the status Introduced
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Summary: S.831 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in Senate (03/08/2007)
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.