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Sudan divestment : U.S. investors sold assets but could benefit from additional information about companies' ties to Sudan : testimony before the Subcommittee on International Monetary Policy and Trade, Committee on Financial Services, House of Representatives / statement of Thomas Melito.
- Format:
- Book
- Government document
- Author/Creator:
- Melito, Thomas
- Series:
- Testimony ; GAO-11-245T.
- Testimony ; GAO-11-245T
- Language:
- English
- Subjects (All):
- Disinvestment--Sudan.
- Disinvestment.
- Disinvestment--Law and legislation--United States.
- Capitalists and financiers--United States.
- Capitalists and financiers.
- Disinvestment--Law and legislation.
- Sudan.
- United States.
- Physical Description:
- 1 online resource (13 pages) : illustrations.
- Other Title:
- U.S. investors sold assets but could benefit from additional information about companies' ties to Sudan
- Place of Publication:
- [Washington, D.C.] : U.S. Govt. Accountability Office, [2010]
- Summary:
- Recognizing the humanitarian crisis in Darfur, Sudan, Congress enacted the Sudan Accountability and Divestment Act (SADA) in 2007. This law supports U.S. states' and investment companies' decisions to divest from companies with certain business ties to Sudan. It also seeks to prohibit federal contracting with these companies. This testimony (1) identifies actions that U.S. state fund managers and investment companies took regarding Sudan-related assets, (2) describes the factors that these entities considered in determining whether and how to divest, and (3) determines whether the U.S. government has contracted with companies identified as having certain Sudan-related business operations and assesses compliance with SADA's federal contract prohibition provision.
- Notes:
- Title from PDF title screen (GAO, viewed May 12, 2011).
- "For release ... November 30, 2010."
- Includes bibliographical references.
- OCLC:
- 724097166
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