Senator Broden Pushes for Sudanese Divestment

INDIANAPOLIS, IN - In response to the tragic genocide in Sudan, State Senator John Broden (D-South Bend) has authored Senate Bill 380, which would prohibit the investment of funds held by various state entities in institutions that are directly or indirectly involved in business with Sudanese companies.
 "We often hear the phrase, `think globally, act locally,'" said Broden. "Divestment is the best method through which Indiana can take a stand against Sudanese genocide in a meaningful way."
Senate Bill 380 would require that any investment of funds held by the public employees' and teachers' retirement fund or by a public officer of the state must not be with companies that loan money to, engage in business with or in or have invested in another company engaged in business with or in Sudan or its instrumentalities.
Affected institutions would be given three years to come into compliance with the legislation.
Six other states, including Illinois, have passed Sudanese divestment legislation.
Senate Bill 380 has been assigned to the Senate Committee on Commerce, Public Policy & Interstate Cooperation, where it awaits a hearing.
For more information on Sen. Broden, his legislative agenda or other State Senate business call 1-800-382-9467 or visit http://www.senatedemocrats.IN.gov.

Source: Senate Democrat News Press Release