AK HB45

Requires the Alaska Retirement Management Board and Alaska Permanent Fund Corporation to identify and maintain a quarterly-updated list of companies with active business operations in Sudan, using public information, asset manager contacts, and other institutional investor research.

Prohibits inclusion of companies on the scrutinized list if their primary purpose is providing humanitarian goods, clerical services, or food/clothing without involvement in oil, minerals, or power production, and if they have not supported the Darfur genocide in the preceding 20 months.

Mandates divestment of all publicly traded securities held directly by the funds in companies with active Sudan operations within 90 days of notice, with at least 50 percent of other direct holdings divested within 9 months and the remainder within 15 months.

Provides immunity and indemnification from liability to board members, investment managers, and other personnel acting in compliance with the divestment requirements.

Repeals the divestment requirements upon declaration by Congress or the President that the Darfur genocide has halted for 12 months, all U.S. sanctions on Sudan are revoked, Sudan has honored specific commitments, or that mandatory divestment interferes with U.S. foreign policy.