Darfur Accountability and Divestment Act of 2006

Bill: 109-hr-6140
Sponsor: Rep. Lee, Barbara [D-CA-9]
Introduced: 2006-09-21 in the House
Policy area: International Affairs
Subjects: Africa (Sub-Saharan)
American investments
Armed Forces and National Security
Arms sales
Business ethics
Civil service retirement
Colleges
Commemorations
Commerce
Commercial blacklisting
Congress
Congress and foreign policy
Congressional investigations
Congressional oversight
Congressional reporting requirements
Congressional tributes
Corporate accountability
Corporate divestiture
Crime and Law Enforcement
Economics and Public Finance
Education
Energy
Foreign Trade and International Finance
Genocide
Government Operations and Politics
Government contractors
Government procurement
Government publicity
Higher education
Information disclosure (Securities law)
Labor and Employment
Local finance
Mines and mineral resources
Mining engineering
Petroleum engineering
Petroleum pipelines
Petroleum refineries
President and foreign policy
Prospecting
Public Lands and Natural Resources
Radar
Sanctions (International law)
Science, Technology, Communications
State finance
State-sponsored terrorism
Subsidiary corporations
Sudan
Technology transfer
Transportation and Public Works

Summary:
action_date: 2006-09-21
text: 
Darfur Accountability and Divestment Act of 2006 - Supports state, city, and university efforts to divest funds from, or restrict investments in, companies that conduct business operations in Sudan. 
 
Directs: (1) the Securities and Exchange Commission (SEC) to require all companies trading in registered securities that conduct business operations directly or through parent or subsidiary companies in Sudan to disclose the nature of such operations; and (2) the Government Accountability Office (GAO) to investigate the existence and extent of such companies' Federal Retirement Thrift Investment Board investments.
 
Prohibits U.S. government contracts with such companies, with exceptions for companies whose activities are related to: (1) southern Sudan, southern Kordofan/Nuba Mountains State, Blue Nile State, or Abyei; (2) the implementation of the 2006 Darfur Peace Agreement; (3) the provision of military equipment for nongovernmental organizations in the Darfur region of Sudan, the African Union Mission in Sudan (AMIS), or the United Nations; or (4) the provision of humanitarian assistance that is of immediate and substantial benefit to the majority of people of the Darfur region of Sudan or the majority of people of eastern Sudan, including the Red Sea, Kassala, and Gedaref States. 
 
Authorizes a national security waiver of such prohibition on a case-by-case basis. 


Legislative actions:
action_date: 2006-10-18
text: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
action_date: 2006-09-25
text: Sponsor introductory remarks on measure. (CR H6991-6992)
action_date: 2006-09-21
text: Referred to the Committee on Financial Services, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-09-21
text: Referred to the Committee on Financial Services, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-09-21
text: Referred to the Committee on Financial Services, and in addition to the Committee on Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2006-09-21
text: Sponsor introductory remarks on measure. (CR H6850, E1794)
action_date: 2006-09-21
text: Introduced in House
action_date: 2006-09-21
text: Introduced in House