H.B.
39
DIVESTMENT OF CERTAIN RETIREMENT FUND INVESTMENTS
house committee Amendments
Amendment 1 February 1, 2008 11:44 am
Representative
Julie Fisher
proposes the following amendments:
1. Page 2, Line 47 through Page 3, Line 59 :
47
(b) (i) "Scrutinized company" means a publicly traded foreign company that:
48
(A) (I)
(Aa)
has business operations that involve a contract with or provision of supplies or
49
services to a scrutinized entity;
50
{
(II)
}
(Bb)
has any direct or indirect equity share, consortium, or project commissioned by a
51
scrutinized entity; or
52
{
(III)
}
(Cc)
is involved in a consortium or project commissioned by a scrutinized entity;
{
and
}
53
{
(B) (I)
}
(II)
has more than 5% of the company's total revenues or assets linked to a
54
scrutinized entity; and
55
{
(II)
}
(III)
has failed to adopt, publicize, and implement a formal plan to reduce the
56
investment to 5% or below within one year; or
57
{
(C)
}
(B)
has, with actual knowledge, on or after August 5, 1996, made an investment of $20
58
million or more, or any combination of investments which in the aggregate exceeds $20 million
59
in any 12-month period, in a scrutinized entity.
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LRGC
BenChristensen
BenChristensen