Bills shift Kan. investment policy on Sudan, Iran
TOPEKA (AP) — A Kansas House committee is considering legislation to lift restrictions on investments by the state pension fund in Sudan but impose new limits concerning Iran.
The Pensions and Benefits Committee reviewed two separate bills Monday but took no action.
One bill repeals the 2007 law blocking Kansas Public Employees Retirement System investments in companies doing business in Sudan. It was a response to violence in the Darfur region.
Committee Chairman Steve Johnson said the committee is considering whether the policy remains appropriate, given the creation of South Sudan in 2011.
The other bill would limit KPERS investments in companies doing business in Iran.
Its leading advocate is state Rep. and Olathe Republican Scott Schwab. He said Kansas should do what it can to prevent Iran from developing nuclear weapons.