AN ACT TO ENACT THE IRAN DIVESTMENT ACT.
Senate committee substitute makes the following changes to the 1st edition.
Makes organizational and clarifying changes.
Requires the State Treasurer to complete all the duties which were previously required of the Secretary of State in the previous edition.
Requires the State Treasurer to adopt a policy, no more than 30 days after the effective date of this act, prohibiting the investment of funds with a person engaging in investment activities in Iran. Requires divestment of specified existing investments within 180 days of the adoption of the policy (was, within a 120 days of the of the effective date of the act).
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