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IN SB0149
Bill
Status
Introduced
1/4/2017
Primary Sponsor
David Niezgodski
Click for details
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