CT SB00285

Repeals and replaces Section 3-13h of the general statutes to require the State Treasurer to review major state investment holdings for companies doing business in Northern Ireland that have not adopted the MacBride principles.

Directs the State Treasurer to urge companies with state investments and Northern Ireland operations to adopt and implement the MacBride principles regarding employment and workplace practices.

Authorizes the State Treasurer to divest state funds from or decline future investment in companies doing business in Northern Ireland unless they have implemented the MacBride principles, which include nine standards for equitable employment practices.

Requires the State Treasurer to report at least annually to the Investment Advisory Council on actions taken pursuant to this section.

Sunsets this provision on January 1, 2020, with an effective date of July 1, 2012.