s 68 47140 1193803200 false 1198010940 1199077200 6 2271 1966 110 300034

12/31/2007--Public Law. (This measure has not been amended since it was passed by the Senate on December 12, 2007. The summary of that version is repeated here.) Sudan Accountability and Divestment Act of 2007 - (Sec. 2) Defines specified terms. (Sec. 3) Expresses the sense of Congress that the U.S. government should support a state or local government decision to divest from or prohibit the investment of state or local assets in a person determined to pose a financial or reputational risk. Authorizes a state or local government to divest state or local assets or prohibit investment of state or local assets in persons that are conducting or have direct investments in business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment. Expresses the sense of Congress that a state or local government should not adopt any such measure without verification that the person conducts or has direct investments in such business operations. Excludes from such business operations those operations that: (1) are conducted under contract directly and exclusively with the regional government of southern Sudan; (2) are conducted under a license from the Office of Foreign Assets Control or are exempted under federal law from such license requirement; (3) provide goods or services to marginalized populations of Sudan; (4) provide goods or services to an internationally recognized peacekeeping force or humanitarian organization; (5) provide goods or services to promote health or education; (6) are conducted by a person that has also undertaken significant humanitarian efforts; or (7) have been voluntarily suspended. Requires that a state or local government notify the Department of Justice respecting a divestiture decision. States that a state or local divestiture action under this Act is not preempted by any federal law or regulation. (Sec. 4) Amends the Investment Company Act of 1940 to prohibit a person (including the federal government or a state or local government) from bringing a civil, criminal, or administrative action against any registered investment company, or any employee, officer, director, or investment adviser of such company, based solely upon the investment company divesting from or avoiding investing in securities issued by persons that conduct or have investments in certain business operations in Sudan. States that such prohibition shall not apply to: (1) actions for breaches of fiduciary duties; and (2) a registered investment company, or any employee, officer, director, or investment adviser of such company unless the company makes disclosures in accordance Securities and Exchange Commission (SEC) regulations required by this Act. (Sec. 5) Expresses the sense of Congress that a fiduciary of an employee benefit plan (as defined by the Employee Retirement Income Security Act of 1974 (ERISA)) may divest plan assets from or avoid investing plan assets in any person conducting certain business operations in Sudan. (Sec. 6) Requires that companies seeking U.S. government contracts certify that they are not conducting certain business operations in Sudan. Sets forth the following federal remedies for a false certification: (1) terminating the contract; (2) suspending a contractor's eligibility for future contractors; and (3) debarring a company from government contracts for up to three years. Authorizes the President to waive such requirement if in the national interest. (Sec. 7) Expresses the sense of Congress that other countries should adopt measures similar to those contained in this Act. (Sec. 8) Expresses the sense of Congress that the President should: (1) work with the international community to facilitate the deployment of a peacekeeping force to Sudan; and (2) call for a vote on a U.N. Security Council resolution imposing multilateral sanctions on Sudan in response to the ongoing genocide in Darfur. (Sec. 9) Expresses the sense of Congress that this Act does not conflict with current U.S. international obligations, or article VI, clause 2 (supremacy clause) of the Constitution. (Sec. 10) Directs the Secretaries of State and the Treasury report on the efficacy of current sanctions on Sudan. (Sec. 11) Amends the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 to repeal a specified reporting requirement by the Secretary of the Treasury. (Sec. 12) Terminates sections 3, 4, 5, 6, and 10 of this Act 30 days after the President certifies to Congress that Sudan has honored its commitments to: (1) abide by Security Council Resolution 1769; (2) cease attacks on civilians; (3) demobilize and demilitarize the Janjaweed and associated militias; (4) grant free access for delivery of humanitarian assistance; and (5) allow for the safe and voluntary return of refugees and internally displaced persons.<br/>

1199077200 2007-12-31 Fri Nov 07 17:03:16 -0600 2008 introduced 47140 'bill':3 'busi':17 'oper':18 'unit':23 'asset':12 'local':8 'state':6,24 'sudan':20 'author':5 'divest':11 'govern':9,25 'origin':2 'purpos':33 'compani':14,29 'conduct':16 'contract':26 'prohibit':22 53940 false official reported to senate 47140 'act':5 '2007':7 'sudan':1 'divest':4 'account':2 54786 false short enacted 47140 'act':5 '2007':7 'sudan':1 'divest':4 'account':2 56554 false short passed senate 47140 'act':5 '2007':7 'sudan':1 'divest':4 'account':2 56553 false short signed 47140 1199077200 Mon Dec 31 00:00:00 -0600 2007 141700 Signed by President. D000388 1944-05-27 11802 448 Russell Senate Office Building http://dodd.senate.gov/index.php?q=node/3130 202-228-1083 Christopher 'd':4 'ct':5 'sen':1 'dodd':3,7,9 'christoph':2,6,8 M 300034 Dodd Christopher_Dodd J. Sen. Christopher Dodd [D, CT] 6702 N00000581 15250 Democrat 202-224-2823 Roman Catholic CT Chris Christopher Dodd 1.91919191919192 http://dodd.senate.gov SenChrisDodd signed 47140 1199077200 Mon Dec 31 00:00:00 -0600 2007 141700 Signed by President. enacted 47140 1199077200 Mon Dec 31 00:00:00 -0600 2007 141732 Became Public Law No: 110-174. topresident 47140 1198213200 Fri Dec 21 00:00:00 -0600 2007 141678 Presented to President. vote 47140 1198007340 Tue Dec 18 15:49:00 -0600 2007 roll 140780 pass On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 1179). vote2 h action 47140 1198006980 Tue Dec 18 15:43:00 -0600 2007 140779 Considered as unfinished business. action 47140 1198002600 Tue Dec 18 14:30:00 -0600 2007 140778 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. action 47140 1198000020 Tue Dec 18 13:47:00 -0600 2007 140777 Considered under suspension of the rules. action 47140 1198000020 Tue Dec 18 13:47:00 -0600 2007 155823 DEBATE - The House proceeded with forty minutes of debate on S. 2271. action 47140 1198000020 Tue Dec 18 13:47:00 -0600 2007 140776 Mr. Frank (MA) moved to suspend the rules and pass the bill. topresident 47140 1197954000 Tue Dec 18 00:00:00 -0600 2007 141168 Cleared for White House. action 47140 1197554580 Thu Dec 13 10:03:00 -0600 2007 139876 Received in the House. action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139878 Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Government Reform, Foreign Affairs, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139880 Referred to House Oversight and Government Reform action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139881 Referred to House Foreign Affairs action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139882 Referred to House Education and Labor action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139877 Message on Senate action sent to the House. action 47140 1197522000 Thu Dec 13 00:00:00 -0600 2007 139879 Referred to House Financial Services vote 47140 1197435600 Wed Dec 12 00:00:00 -0600 2007 by Unanimous Consent 139324 pass Passed Senate with an amendment by Unanimous Consent. vote s vote 47140 1197435600 Wed Dec 12 00:00:00 -0600 2007 by Unanimous Consent 139875 pass Passed Senate with amendments by Unanimous Consent. vote s action 47140 1197435600 Wed Dec 12 00:00:00 -0600 2007 139323 Measure laid before Senate by unanimous consent. calendar 47140 1193803200 Wed Oct 31 00:00:00 -0500 2007 135508 Placed on Senate Legislative Calendar under General Orders. Calendar No. 458. introduced 47140 1193803200 Wed Oct 31 00:00:00 -0500 2007 135506 action 47140 1193803200 Wed Oct 31 00:00:00 -0500 2007 135507 Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Dodd. With written report No. 110-213. 22 411 47140 Tue Dec 18 14:49:00 -0600 2007 true 3702 0 1179 18 0 On Motion to Suspend the Rules and Pass: S 2271 Sudan Accountability and Divestment Act true 2/3 Passed On Motion to Suspend the Rules and Pass Tue Dec 18 15:06:04 -0600 2007 house