SB 451 — Protecting Georgia's Investment Act; require boards administering public retirement funds identify all companies doing investments in Iran
Senate Date Signed by Governor
A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, relating to the Public Retirement Systems Investment Authority Law, so as to provide a short title; to provide an additional exception from the divestment requirement and the investment prohibition to certain indirect holdings in actively managed investment funds; to require such boards to request that the managers of such investment funds consider removing scrutinized companies from the fund or creating a similar fund that excludes such companies; to require certain reports; to provide for termination of such prohibitions and divestments; to provide for certain notices; to provide for related matters; to repeal conflicting laws; and for other purposes.
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