Missouri House OKs terrorism investment rules

[The Straight Story]

Missouri House OKs terrorism investment rules

JEFFERSON CITY, Mo.

Missouri House members have endorsed legislation designed to ban state investments in companies with links to terrorism.

The House gave first-round approval to the bill Thursday by a 145-0 vote. It needs another vote before moving to the Senate.

The legislation would require investment managers for state retirement funds to show twice a year that the state has not invested in companies that do business with countries that sponsor terrorism. The restricted countries include Iran, Sudan and Syria.

Supporters say Missouri needs to insure state pension fund investments cannot help terrorism.

http://www.businessweek.com/ap/financialnews/D9EV1OTO6.htm

[Rincewind]

1. They will have to sell

all their oil company stocks.

[chollybocker]

2. First came 'Green Investing.'

Now comes 'Not Brown Investing.'