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IN HB1092
Bill
Status
1/5/2016
Primary Sponsor
David Niezgodski
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AI Summary
- Amends IC 5-10.2-10-27 to modify when Indiana's mandatory divestment statutes cease to apply to countries designated as state sponsors of terrorism
- Divestment provisions now only end when the U.S. Secretary of State removes the country from the official list of state sponsors of terrorism
- Removes the alternative termination condition allowing Congress or the President to declare that mandatory divestment interferes with U.S. foreign policy
- Effective upon passage with an emergency declaration
Legislative Description
Divestment from states that sponsor terror. Provides that a country determined to be a state sponsor of terror remains subject to the application of Indiana's mandatory divestment statutes until the date the Secretary of State of the United States removes the country from its official list of state sponsors of terrorism. (Current law provides that the country remains subject to the statutes until the earlier of the date of the removal from the list or the date of a congressional or presidential declaration that state mandatory divestment policies interfere with the conduct of foreign policy of the United States.)
Last Action
First reading: referred to Committee on Employment, Labor and Pensions
1/5/2016