Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 3837.6 - Expiration(a) Recurrence of investment in Iran.--A public fund shall have no obligations under this act with respect to a company engaged in business activities in Iran upon the occurrence of any of the following: (1) Iran does not appear on the List of State Sponsors of Terrorism.(2) The President or Congress of the United States, through legislation or executive order, declares that mandatory divestment of the type provided for in this act interferes with the conduct of United States foreign policy.(b) Recurrence of investment in Sudan.--A public fund shall have no obligations under this act with respect to a company engaged in business activities in Sudan upon the occurrence of any of the following:(1) The President or Congress of the United States declares Darfur genocide has been halted for at least 12 months.(2) Sudan does not appear on the list of State Sponsors of Terrorism.(3) The President or Congress of the United States declares that the government of Sudan has honored its commitments to cease attacks on civilians, demobilize and demilitarize the Janjaweed and associated militias, grant free and unfettered access for deliveries of humanitarian assistance and allow for the safe and voluntary return of refugees and internally displaced persons under the Sudan Accountability and Divestment Act of 2007 (P.L. 110-174, 121 Stat. 2516). (4) The President or Congress of the United States, through legislation or executive order, declares that mandatory divestment of the type provided for in this act interferes with the conduct of United States foreign policy.2010, July 2, P.L. 266, No. 44, § 6, imd. effective.