2007 House Bill 4854 / 2008 Public Act 233

Ban state investments in Sudan

Introduced in the House

May 29, 2007

Introduced by Rep. Alma Smith (D-54)

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 Committee on Government Operations

July 24, 2007

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

Substitute offered

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 by voice vote

Passed in the House 103 to 2 (details)

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.

Received in the Senate

July 25, 2007

Referred to the Committee on Appropriations

May 8, 2008

Reported without amendment

With the recommendation that the substitute (S-2)* be adopted and that the bill then pass.

June 27, 2008

Substitute offered

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 by voice vote

Passed in the Senate 37 to 0 (details)

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.

Received in the House

June 27, 2008

Passed in the House 105 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Jennifer Granholm

July 15, 2008