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SB 538: State and Local Governmental Relations with The Government of Venezuela

GENERAL BILL by Garcia ; (CO-INTRODUCERS) Rodriguez ; Negron ; Baxley ; Bean ; Benacquisto ; Book ; Bracy ; Braynon ; Campbell ; Farmer ; Flores ; Galvano ; Gibson ; Grimsley ; Hukill ; Lee ; Mayfield ; Montford ; Passidomo ; Perry ; Powell ; Rader ; Rouson ; Simmons ; Simpson ; Stargel ; Steube ; Stewart ; Taddeo ; Thurston ; Torres ; Young

State and Local Governmental Relations with The Government of Venezuela; Requiring the State Board of Administration to divest investments, and prohibiting it from investment, in any institution or company or subsidiary of a company domiciled in the United States which does business in or with the government of Venezuela or its agencies or instrumentalities in violation of federal law; authorizing the Governor to waive such requirements under certain circumstances, etc.

Effective Date: 7/1/2018
 Last Action: 3/7/2018 Senate - Laid on Table, companion bill(s) passed, see HB 359 (Ch. 2018-125) -SJ 785
Bill Text: Web Page | PDF
Senate Committee References:
  1. Governmental Oversight and Accountability (GO)
  2. Appropriations Subcommittee on Finance and Tax (AFT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    10/17/2017 Senate • Filed
    11/2/2017 Senate • Referred to Governmental Oversight and Accountability; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 43
    1/9/2018 Senate • Introduced -SJ 43
    1/11/2018 Senate • On Committee agenda-- Governmental Oversight and Accountability, 01/16/18, 4:00 pm, 401 Senate Office Building
    1/16/2018 Senate • Favorable by Governmental Oversight and Accountability; YEAS 6 NAYS 0 -SJ 161
    1/17/2018 Senate • Now in Appropriations Subcommittee on Finance and Tax -SJ 161
    1/24/2018 Senate • On Committee agenda-- Appropriations Subcommittee on Finance and Tax, 01/29/18, 1:30 pm, 401 Senate Office Building
    1/29/2018 Senate • Subcommittee Recommendation: Favorable by Appropriations Subcommittee on Finance and Tax; YEAS 6 NAYS 0 -SJ 243
    1/30/2018 Senate • Now in Appropriations -SJ 243
    2/22/2018 Senate • On Committee agenda-- Appropriations, 02/27/18, 11:00 am, 412 Knott Building
    2/27/2018 Senate • Favorable by- Appropriations; YEAS 18 NAYS 0 -SJ 409
    2/28/2018 Senate • Placed on Calendar, on 2nd reading -SJ 409
    3/5/2018 Senate • Placed on Special Order Calendar, 03/07/18 -SJ 876
    3/7/2018 Senate • Read 2nd time -SJ 785
    • Substituted HB 359 -SJ 785
    • Laid on Table, companion bill(s) passed, see HB 359 (Ch. 2018-125) -SJ 785

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  • SB 538, Original Filed Version (Current Bill Version) Posted 10/17/2017 at 4:16 PM

    Bill Text:   Web Page | PDF
    Analyses:   Governmental Oversight and Accountability (Pre-Meeting) 1/12/2018 (pdf)
    Governmental Oversight and Accountability (Post-Meeting) 1/17/2018 (pdf)
    Appropriations Subcommittee on Finance and Tax (Pre-Meeting) 1/26/2018 (pdf)
    Appropriations Subcommittee on Finance and Tax (Post-Meeting) 1/30/2018 (pdf)
    Appropriations (Pre-Meeting) 2/26/2018 (pdf)
    Appropriations (Post-Meeting) 2/28/2018 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 279 State Investments Hager Similar Last Action: 10/23/2017 H Withdrawn prior to introduction, companion bill(s) passed, see HB 359 (Ch. 2018-125) -HJ 28 Track This Bill
    H 359 (er) State Investments Nunez, Diaz Similar Last Action: 3/29/2018 Chapter No. 2018-125 Track This Bill
    S 70 State Investments Rodriguez Similar Last Action: 3/10/2018 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see HB 359 (Ch. 2018-125) Track This Bill

    Committee Votes (3)

    Date Committee Result
    1/16/2018 4:00 PM Governmental Oversight and Accountability 6 Yeas - 0 Nays
    1/29/2018 1:30 PM Appropriations Subcommittee on Finance and Tax 6 Yeas - 0 Nays
    2/27/2018 11:00 AM Appropriations 18 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.471 Divestiture by the State Board of Administration; reporting requirements. Page 2 (pdf)
    215.472 Prohibited investments. Page 3 (pdf)

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