HB 1484-1_ Filed 02/15/2007, 09:49


Text Box

Adopted Rejected


[

]



COMMITTEE REPORT


                                                        YES:

8

                                                        NO:
0

MR. SPEAKER:
    Your Committee on       Interstate and International Cooperation     , to which was referred       House Bill 1484     , has had the same under consideration and begs leave to report the same back to the House with the recommendation that said bill be amended as follows:

SOURCE: Page 2, line 19; (07)AM148402.2. -->     Page 2, line 19, before "company" insert " a".
    Page 2, line 21, after "Sec. 6." insert " (a)".
    Page 2, line 24, delete "government." and insert " government formed on or after October 13, 2006, including the coalition National Unity Government agreed upon in the Comprehensive Peace Agreement for Sudan.".
    Page 2, between lines 24 and 25, begin a new paragraph and insert:
    " (b) The term does not include the regional government of southern Sudan.".
    Page 2, line 31, after "fund;" insert " and".
    Page 3, line 7, delete "supplies." and insert " supplies provided directly or indirectly to any force actively participating in the conflict in Sudan.".
    Page 4, between lines 17 and 18, begin a new line block indented

and insert:
        " (4) The facilitation of power production activities, including the provision of supplies or services in support of power production activities.".
    Page 4, line 23, delete "The" and insert " Clauses (A) and (B) both apply to the".
    Page 4, line 24, after "(A)" insert " The company".
    Page 4, line 32, delete "; and" and insert " .".
    Page 4, line 33, delete "has either" and insert " Either".
    Page 4, line 34, delete "oil".
    Page 4, line 35, delete "related activities or mineral extraction".
    Page 4, line 36, after "Sudan" insert " involve oil-related activities or mineral extraction activities,".
    Page 5, line 11, delete "for military purposes." and insert "by forces actively participating in armed conflict in Sudan. This subdivision does not apply to companies involved in the sale of military equipment solely to the regional government of southern Sudan or any internationally recognized peacekeeping force or humanitarian organization.".
    Page 5, line 36, after "through" insert " engagement with".
    Page 6, line 1, delete "shall take all" and insert " may take any".
    Page 6, line 16, delete "subsection" and insert "subsections (b) and".
    Page 6, line 30, after "operations" insert " newly".
    Page 6, line 39, after "Sec. 22." insert " (a)".
    Page 6, line 42, delete "list." and insert " list and the provisions of sections 23, 24, 25, and 26 of this chapter shall cease to apply to the company unless the company resumes scrutinized business operations.".
    Page 6, after line 42, begin a new paragraph and insert:
    " (b) If within ninety (90) days after the fund first engages with a company under section 21 of this chapter, the company converts its scrutinized active business operations to inactive business operations, the company shall be subject to the provisions of section 20 of this chapter.".
    Page 7, line 17, after "operations," insert " and only while the company continues to have active business operations,".
    Page 7, line 33, delete "(a)".


    Page 8, delete lines 3 through 4, begin a new paragraph and insert:
    " Sec. 27. This chapter does not apply to private equity funds.".
    Page 8, line 5, delete "27." and insert " 28.".
    Page 8, line 18, delete "28." and insert " 29.".
    Page 8, line 24, after "against" insert " the government of".
    Page 8, line 40, delete "29." and insert " 30.".
    Page 9, line 4, delete "30." and insert " 31.".
    Page 9, line 25, delete "31." and insert " 32.".
    Page 9, line 29, delete "IC 5-10.2-9-29," and insert " IC 5-10.2-9-30,".
    Page 10, line 30, delete "IC 5-10.2-9-29," and insert " IC 5-10.2-9-30,".
    (Reference is to HB 1484 as introduced.)

and when so amended that said bill do pass.

__________________________________

Representative Harris E


AM148402/DI 73    2007