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Last updated 5:47AM ET
March 5, 2021
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INVESTMENTS-TERRORISM
(2008-07-18)
(wgvu) - Governor Granholm has signed legislation
to withdraw state funds and investments from companies that do
business with nations accused of government-supported genocide or
terrorism.
The legislation signed this week primarily will affect pension
investments in companies that deal with Cuba, Iran, Sudan and
Syria. All are on the U.S. State Department's list of
terror-sponsoring nations.
Supporters say it's one of the most comprehensive divestment
policies in the nation.
The bills set varying timetables for when the Michigan
Department of Treasury must divest any state holdings in companies
that deal with the affected nations.

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