- (a) Not later than March 30, 2008, the board shall make a good faith effort to identify all scrutinized companies in which a fund has direct or indirect holdings.
- (b) In carrying out its responsibilities under subsection (a), and at the board's discretion, the board may use existing research or contract with a research firm.
(c) A board or a research firm with which the board contracts under subsection (b) may take any of the following actions:
- (1) Review publicly available information regarding companies with business operations in Sudan.
- (2) Contact other institutional investors that invest in companies with business operations in Sudan.
- (3) Contact asset managers contracted by the fund that invest in companies with business operations in Sudan.
- (d) Not later than the first meeting of the board after March 30, 2008, the board shall compile the names of all scrutinized companies into a scrutinized company list and indicate whether each scrutinized company has active or inactive business operations in Sudan.
- (e) The board shall update its scrutinized company list at least on an annual basis based on evolving information from sources described in subsections (b) and (c).
As added by P.L.149-2007, SEC.3. Amended by P.L.35-2012, SEC.54.