S 1430 in Congressional Session 110

Bill Number : S 1430

Title : A bill to authorize State and local governments to direct divestiture from, and prevent investment in, companies with investments of $20,000,000 or more in Iran's energy sector, and for other purposes.

SUMMARY AS OF:
5/17/2007--Introduced. Iran Sanctions Enabling Act of 2007 - Directs the Secretary of the Treasury to: (1) publish biannually in the Federal Register a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and (2) maintain on the website of the Department of the Treasury the names of the persons on such list. States it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons included on the most recent list. Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of assets in, persons included on the most recent list. Amends the Investment Company Act of 1940 to shield any registered investment company from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, securities issued by companies included on such most recent list. Amends the Employee Retirement Income Security Act of 1974 to shield from treatment as breaching a fiduciary duty any person divesting plan assets from, or avoiding investing plan assets in, persons included on such most recent list. Expresses the sense of the Congress that the Federal Retirement Thrift Investment Board should: (1) initiate efforts to provide a terror-free international investment option among the funds of the Thrift Savings Fund; and (2) initiate similar efforts to provide a genocide-free international investment option.

Sen Baucus, Max [MT] - 5/22/2008

Sen Biden, Joseph R., Jr. [DE] - 9/11/2008

Sen Boxer, Barbara [CA] - 5/24/2007

Sen Brownback, Sam [KS] - 5/17/2007

Sen Cantwell, Maria [WA] - 3/5/2008

Sen Cardin, Benjamin L. [MD] - 4/14/2008

Sen Casey, Robert P., Jr. [PA] - 6/26/2007

Sen Coburn, Tom [OK] - 6/26/2007

Sen Coleman, Norm [MN] - 12/7/2007

Sen Collins, Susan M. [ME] - 7/17/2007

Sen Cornyn, John [TX] - 9/9/2008

Sen Dole, Elizabeth [NC] - 12/5/2007

Sen Dorgan, Byron L. [ND] - 5/22/2008

Sen Durbin, Richard [IL] - 6/10/2008

Sen Feingold, Russell D. [WI] - 7/19/2007

Sen Johnson, Tim [SD] - 1/28/2008

Sen Kennedy, Edward M. [MA] - 4/1/2008

Sen Kerry, John F. [MA] - 2/11/2008

Sen Klobuchar, Amy [MN] - 7/19/2007

Sen Lautenberg, Frank R. [NJ] - 6/25/2007

Sen Lieberman, Joseph I. [CT] - 5/24/2007

Sen Lott, Trent [MS] - 9/18/2007

Sen Martinez, Mel [FL] - 2/7/2008

Sen Menendez, Robert [NJ] - 9/11/2007

Sen Mikulski, Barbara A. [MD] - 5/24/2007

Sen Murray, Patty [WA] - 7/17/2007

Sen Nelson, Bill [FL] - 6/6/2007

Sen Nelson, E. Benjamin [NE] - 5/20/2008

Sen Pryor, Mark L. [AR] - 2/14/2008

Sen Roberts, Pat [KS] - 12/5/2007

Sen Salazar, Ken [CO] - 9/10/2007

Sen Schumer, Charles E. [NY] - 6/17/2008

Sen Smith, Gordon H. [OR] - 7/19/2007

Sen Snowe, Olympia J. [ME] - 3/3/2008

Sen Thune, John [SD] - 10/17/2007

Sen Vitter, David [LA] - 9/19/2007

Sen Wyden, Ron [OR] - 6/5/2007