2007 House Bill 4854 (Ban state investments in Sudan )

Public Act 233 of 2008

[Comments on this legislation] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

• Introduced by Rep. Alma Smith on May 29, 2007, to prohibit the investment of any state funds in any Sudanese business or interest, and require the state treasurer to divest any currently held.
  • Referred to the House Government Operations Committee on May 29, 2007.
    • Reported in the House on July 24, 2007, with the recommendation that the substitute (H-3) be adopted and that the bill then pass.
  • Substitute offered in the House on July 24, 2007, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on July 24, 2007.
• Passed in the House (103 to 2) on July 24, 2007, to prohibit the investment of any state pension funds in any publicly traded companies that are actively involved with the Sudan, and require any currently held (reportedly none) to be divested within 15 months. House Bill 4903 would apply Iran. [Vote Details and Comments]
• Received in the Senate on July 25, 2007.
  • Referred to the Senate Appropriations Committee on July 25, 2007.
    • Reported in the Senate on May 8, 2008, with the recommendation that the substitute (S-2)* be adopted and that the bill then pass.
  • Substitute offered in the Senate on June 27, 2008, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the Senate by voice vote on June 27, 2008.
• Passed in the Senate (37 to 0) on June 27, 2008, to prohibit the investment of any state pension funds in any publicly traded companies that are actively involved with the Sudan, and require any currently held (reportedly none) to be divested within 15 months. House Bill 4903 would apply Iran. [Vote Details and Comments]
• Received in the House on June 27, 2008.
• Passed in the House (105 to 0) on June 27, 2008, to concur with the Senate-passed version of the bill. [Vote Details and Comments]
• Signed by Gov. Jennifer Granholm on July 15, 2008.

Comments

Introduced by Rep. Alma Smith on May 29, 2007. Passed in the House (103 to 2) on July 24, 2007. New Comment