Mississippi House Bill 319 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 5 2013 - 100% progression
Action: 2013-02-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create New Section 25-11-122, Mississippi Code Of 1972, To Require The Board Of Trustees Of The Public Employees' Retirement System To Identify All Companies In Which Funds Of The System Are Invested That Are Making Investments The Petroleum Sector Of Iran; To Require The Board Of Trustees To Create And Maintain A Scrutinized Company List That Names All Of Those Companies; To Require The Board Of Trustees To Periodically Contact All Scrutinized Companies And Encourage Them To Refrain From Engaging In Certain Types Of Investments In Iran; To Require The Board Of Trustees To Inform Scrutinized Companies Of Their Status As A Scrutinized Company And To Ask For Clarification As To The Nature Of Each Company's Business Activities; To Provide That A Company May Be Removed From The List Under Certain Conditions; To Provide That A Company Removed From The List May Be Placed Back On The List; To Provide For The Divestment Of All Directly Held, Publicly-traded Securities Of A Scrutinized Company Under Certain Conditions; To Prohibit The Board Of Trustees From Acquiring Securities Of Scrutinized Companies; To Provide An Exception From The Divestment Requirement And The Investment Prohibition To Certain Indirect Holdings In Actively Managed Investment Funds; To Require The Board Of Trustees To Request That The Managers Of Those Investment Funds Consider Removing Scrutinized Companies From The Fund Or Creating A Similar Fund That Excludes Those Companies; To Require The Board Of Trustees To Make Certain Reports To The Governor, The President Of The Senate And The Speaker Of The House; To Provide For Termination Of The Prohibitions And Divestment Requirements Of This Act Under Certain Circumstances; To Provide For Immunity For The Retirement System And Its Employees For Good Faith Omissions In Identifying Scrutinized Companies; To Amend Sections 25-11-121 And 25-11-145, Mississippi Code Of 1972, To Conform To The Preceding Provisions; And For Related Purposes.

PERS; prohibit investments in companies that invest in the petroleum sector of Iran.

Rep. Herb Frierson [R]

Date	Chamber	Action
2013-02-05	House	Died In Committee
2013-01-14	House	Referred To Appropriations

Type	Source
Summary	https://billstatus.ls.state.ms.us/2013/pdf/history/HB/HB0319.xml
Text	https://billstatus.ls.state.ms.us/documents/2013/html/HB/0300-0399/HB0319IN.htm