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March 9, 2021
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INVESTMENTS-TERRORISM
(2007-07-24)
(wgvu) - MICHIGAN LAWMAKERS WILL SOON CONSIDER
LEGISLATION THAT COULD RESTRICT PUBLIC PENSION FUND INVESTMENTS IN
SUDAN AND IRAN.
THE BILLS ARE UP FOR A COMMITTEE HEARING IN THE STATE HOUSE ON
TUESDAY.
A GROWING LIST OF STATES AND UNIVERSITIES ACROSS THE UNITED
STATES ARE PULLING THEIR INVESTMENTS FROM FOREIGN COMPANIES THAT
DEAL WITH NATIONS ACCUSED OF GOVERNMENT-SUPPORTED GENOCIDE OR
TERRORISM.
IT COULD BE THE LARGEST WAVE OF PUBLIC DIVESTMENT ACTIVITY SINCE
EFFORTS TARGETING SOUTH AFRICA AND APARTHEID IN THE 1980S.
THE MICHIGAN BILLS FOCUS ON FOREIGN COMPANIES DEALING MOSTLY IN
OIL, POWER AND MINERALS.
THE POTENTIAL EFFECT ON MICHIGAN'S STATE AND PUBLIC SCHOOL
EMPLOYEE PENSION SYSTEM HAS NOT BEEN DETERMINED.

(COPYRIGHT 2007 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)

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