| Sudan Divestment Law Update
SB 1169 Signed by Governor - August 28, 2007
SB 1169 Passes both Houses - Awaiting Governor's Action - May 31, 2007
Senator Collins legislation passes both Houses; however, local pension funds are removed from the provisions of the bill.
SB 1169 Passes the State Senate - Sitting in Rules Committee - April 9, 2007
SB 1169, sponsored by Illinois State Senator Jacqueline Collins, continues to moved to the House after passing in the Senate 54-2.
State Senator Collins Introduces Amendment with Sudan Divestment Language - March 26, 2007
Illinois State Senator Jacqueline Collins filed Senate floor amendment 1 and 2 to SB 1169. The amendments contain Sudan divestment language and have been referred to the Rules. To view the text of the amendments - Click Here.
Senator Durbin Introduces Sudan Divestment Bill - March 8, 2007
US Senator Dick Durbin introduced a bill that would provide support for state and local government divestment efforts in Sudan. To read the press release for Senator Durbin's website click here. To view the status of S. 831 click here and search for S. 831. The IGFOA continues to track developments in the Sudan Divestment debate at the Hot Topics Page.
Sudan Bill Declared Unconstitutional - February 23, 2007
The Sudan Divestiture Act, which prohibited pension funds from investing in companies with ties to Sudan, was declared unconstitutional by a Federal District Court on Friday, February 23. For more information on the breaking news, click here.
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