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2007 House Bill 4854: Ban state investments in Sudan

Public Act 233 of 2008

Introduced by Rep. Alma Smith (D) 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.   Official Text and Analysis.
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 by voice vote in the House 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.
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 by voice vote in the Senate on June 27, 2008
Received in the House on June 27, 2008
To concur with the Senate-passed version of the bill.
Signed by Gov. Jennifer Granholm on July 15, 2008

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