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Key Votes

S 2255 - State Pension Fund Divestment from Sudan - Key Vote

Massachusetts Key Votes

Deval Patrick signed this Legislation.

Read statements Deval Patrick made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: State Pension Fund Divestment from Sudan

Legislation - Concurrence Vote Passed (Senate) -
Legislation - Bill Passed With Amendment (House) (154-2) - (Key vote)

Title: State Pension Fund Divestment from Sudan

Vote Smart's Synopsis:

Vote to pass a bill prohibiting state pensions and annuity funds from being invested in stocks, securities, companies, or corporations that do business in or with Sudan.

Highlights:
-Limits divestment to companies who have conducted business in or with Sudan within the last 20 months (Sec. 1). -Exempts social development companies, whose principle objective is providing humanitarian relief, from the divestment (Sec. 1). -Exempts companies who commit to discontinuing business practices forbade by this act within one year from the divestment (Sec. 1). -Requires a 50 percent withdrawal of assets invested in companies doing business in or with Sudan from the public fund within 6 months, and a 100 percent withdrawal within a year (Sec. 3). -Renders this act null after the U.S. abandons the sanctions it imposes on Sudan (Sec. 7). -House Ways and Means Committee substituted the text of H 4172 for S 2255.
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed (Senate) (36-0) -
Legislation - Introduced (House) -
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Committee Sponsors

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