Delaware General Assembly

Senate Finance 7/11/07

The General Assembly has ended, the current status is the final status.

7/11/07

McDowell

Reps. Keeley, Spence

Sen. Henry
Reps. J. Johnson, Plant, D.P. Williams, Kowalko

AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO INVESTMENTS IN STATE PENSION AND ANNUITY FUNDS.

This bill requires that the Board of Pension Trustees divest state-administered pension fund investments from companies, banks and financial institution that have ties to, or activities in Sudan or its instrumentalities. The General Assembly and the state are deeply concerned over the poor human rights situation in Sudan. The General Assembly concurs with the official United States Policy that has declared that genocide is ongoing in the Sudan and calls for stepped-up international efforts to end the crisis. The government of Sudan is an authoritarian regime that took power in 1989. A large number of human rights abuses perpetrated by the government have been catalogued by the United States Department of State. These human rights abuses include severe restriction on freedoms of assembly, association, movement, and speech. The most sobering violation of human rights in Sudan is the existence of Slavery. The pro-government militia continues to engage in abduction and slavery with impunity. The government has routinely violated its pledges to end the 20-year civil war. This war has taken the lives of more than two million people and displaced four million others.

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Takes effect upon being signed into law

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