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IN SB0149

Bill

Status

Introduced

1/4/2017

Primary Sponsor

David Niezgodski

Click for details

Origin

Senate

2017 Regular Session

AI Summary

Senate Bill No. 149 Summary

  • Amends IC 5-10.2-10-27 to modify conditions for ending Indiana's mandatory divestment from state sponsors of terrorism
  • Removes the provision allowing divestment requirements to end via congressional or presidential declaration that divestment interferes with U.S. foreign policy
  • Divestment requirements now cease only when the U.S. Secretary of State removes a country from the official list of state sponsors of terrorism
  • Effective upon passage with an emergency declaration included

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 Tax and Fiscal Policy

1/4/2017

Committee Referrals

Tax and Fiscal Policy1/4/2017

Full Bill Text

No bill text available