General Presidency for Managing Research and Re-
ligious Fatwas disseminated through mosques in the 
United States ‘‘Document No. 20,’’ which states: ‘‘It 
is not right for a Muslim to support the unbelievers, 
or to ask them to support him against his enemies, 
they are the enemy, do not trust them . . . Muslims 
should not be recruited into their Army, whether 
they are Arabs or non-Arabs, because the unbeliever 
is the enemy of the believer.’’. 
(11) In the same Freedom House report, it was 
discovered that the Saudi Embassy in Washington, 
D.C., through its Cultural Department, distributed 
fatwas against Muslims who are seeking to obtain 
United States citizenship, even if such individuals 
are stateless. As an example, ‘‘Document No. 44’’ 
states: ‘‘It is forbidden for a Muslim to become citi-
zens of a country [such as the United States] gov-
erned by infidels,’’ which exhibits a clear hatred and 
contempt for civil society and pluralism in the 
United States. 
(12) The Saudi Air Force, Foreign Ministry, 
and Embassy in Washington, D.C., have been used 
to propagate the aforementioned hate ideology and 
to facilitate religious extremism into the United
States by spreading anti-pluralistic and anti-demo-
cratic ideologies. 
(13) Saudi Arabia is a country that practices 
religious apartheid and continuously subjugates its 
citizenry, both Muslim and non-Muslim, to a specific 
interpretation of Islam. Saudi Arabia is a country 
that, through its system of education and segrega-
tion, is a breeding pool for terrorists. Saudi Arabia 
is a country that exports through official government 
agencies both terrorists and its discriminatory val-
ues. Saudi Arabia is also a country that benefits 
from American money through intermediate compa-
nies which fund such activities. 
SEC. 2. STATEMENT OF POLICY RELATING TO DIVESTITURE 
FROM SAUDI ARABIA. 
It shall be the policy of the United States to work 
to ensure that managers of United States Government 
pension plans or thrift savings plans, managers of pension 
plans maintained in the private sector by plan sponsors 
in the United States, and managers of mutual funds sold 
or distributed in the United States immediately initiate 
efforts to divest all investments of such plans or funds 
in any bank or financial institution that directly or 
through a subsidiary has outstanding loans to or financial 
activities in the Kingdom of Saudi Arabia or its instru-
mentalities. It shall further be the policy of the United 
States to ensure that assets from such divestitures are not 
to be invested in the stocks, securities, or other obligations 
of any entity that directly or through a subsidiary is en-
gaged in financial activities in Saudi Arabia or its instru-
mentalities. 
SEC. 3. STATEMENT OF POLICY RELATING TO PROHIBITION 
ON FUTURE INVESTMENT. 
It shall be the policy of the United States to ensure 
that there is no future investment in any bank or financial 
institution that directly or through a subsidiary has out-
standing loans to or financial activities in the Kingdom 
of Saudi Arabia or its instrumentalities. It shall further 
be the policy of the United States to ensure that no such 
assets are invested in the stocks, securities, or other obli-
gations of any entity that directly or through a subsidiary 
is engaged in business with Saudi Arabia or its instrumen-
talities. 
SEC. 4. REPORT. 
(a) IN GENERAL.—Not later than 30 days after the 
date of the enactment of this Act, and every six months 
thereafter, the Secretary of the Treasury, in consultation 
with the Secretary of Commerce, shall submit to Congress 
a report on all investments sold, redeemed, divested, or
withdrawn from the Kingdom of Saudi Arabia or its in-
strumentalities. 
(b) INFORMATION TO BE INCLUDED IN REPORT.— 
The report required by subsection (a) shall contain the 
following information with respect to each investment de-
scribed in such subsection: 
(1) The name or other identification of the enti-
ty. 
(2) The amount of the investment in the entity. 
(3) The progress made toward divestment. 
(4) Efforts by the Department of the Treasury 
and Department of Commerce to inform United 
States investors of policies articulated in sections 3 
and 4 of this Act and the policies of the Kingdom 
of Saudi Arabia that this Act seeks to address. 
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