Relating To The Repeal Of Act 192, Session Laws Of Hawaii 2007.
Impact
The repeal of Act 192 signifies a significant shift in how Hawaii manages ethical investments, especially concerning international human rights issues. As the federal stance on Sudan has changed, proponents suggest that it is appropriate for state laws to reflect this new reality. The potential impacts include improved investment strategies for the ERS and a more favorable investment climate for companies operating without the pressure of divestment related to international conflicts.
Summary
SB1311 aims to repeal Act 192 of the Session Laws of Hawaii 2007, which mandates the Employees' Retirement System (ERS) to divest investments in companies supporting genocide in Darfur, Sudan. The bill arises from the evolving situation in Sudan, where the U.S. government has lifted sanctions and recognized the country's steps towards humanitarian aid and peace. By repealing Act 192, the ERS is no longer required to publicly report on their divestment status, which supporters argue enhances financial flexibility and aligns investment practices with current federal policy.
Contention
Opponents of the repeal might view this move as an abandonment of ethical considerations in state investments, particularly relating to human rights violations. While proponents cite the need for flexibility and alignment with federal policy, critics could argue that it undermines the state's commitment to global humanitarian issues, particularly concerning ongoing concerns about human rights abuses in Sudan. The discussion around SB1311 highlights the delicate balance between ethical investment strategies and the dynamic nature of international relations.
A concurrent resolution condemning the hostilities in Sudan and standing with the people of Sudan in their calls for peace and their democratic aspirations.
A resolution recognizing the actions of the Rapid Support Forces and allied militia in the Darfur region of Sudan against non-Arab ethnic communities as acts of genocide.
Recognizing the actions of the Rapid Support Forces and allied militias in the Darfur region of Sudan against non-Arab ethnic communities as acts of genocide.
Condemning the continued violence in Sudan and calling on the international community to unequivocally support diplomatic efforts to achieve a cessation of hostilities, ensure the protection of civilians and secure unfettered access for humanitarian aid.
Urging The President Of The United States To Increase Ongoing Humanitarian Aid To Palestine Through The United Nations Children's Fund And World Food Programme.
Urging The President Of The United States To Increase Ongoing Humanitarian Aid To Palestine Through The United Nations Children's Fund And World Food Programme.
Urging The President Of The United States And The United States Congress To Call For An Immediate And Permanent Ceasefire In Gaza; Facilitate The De-escalation Of, And End To, Hostilities; And Provide To The Area Fuel, Food, Water, Medical Supplies, And Other Forms Of Humanitarian Relief.
Urging The President Of The United States And The United States Congress To Call For An Immediate And Permanent Ceasefire In Gaza; Facilitate The De-escalation Of, And End To, Hostilities; And Provide To The Area Fuel, Food, Water, Medical Supplies, And Other Forms Of Humanitarian Relief.
Recognizing The Genocide And Humanitarian Crisis In Gaza And Calling On The Biden Adminstration And Federal Delegation From Delaware To Support A Permanent And Lasting Ceasefire.