The Ambler Gazette reports the Protecting Pennsylvania’s Investments Act, approved unanimously in the House, requires the state Treasurer’s Office, Public School Employees Retirement System, State Employees Retirement System, and Pennsylvania Municipal Retiree System to divest within 36 months the nearly $400 million it directly invests in foreign companies doing business in Iran and Sudan. The two countries are on a U.S. Department of State list of State Sponsors of Terrorism.
A previous bill calling for the ban had passed the House in December of last year, but the measure as passed by the Senate, S.B. 928, changes the original time funds have to divest from 22 to 36 months, according to the news report.
« Coveting Thy Co-Worker’s Office Chair?