[Congressional Record Volume 157, Number 25 (Wednesday, February 16, 2011)]
[Senate]
[Page S791]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        PETITIONS AND MEMORIALS

  The following petition or memorial was laid before the Senate and was 
referred or ordered to lie on the table as indicated:

       POM-3. A petition from the Administrator of the Public 
     Safety Personnel Retirement System, transmitting, pursuant to 
     Arizona law, a report relative to the Arizona Terrorism 
     Country Divestment act; to the Committee on Banking, Housing, 
     and Urban Affairs.

       The Public Safety Personnel Retirement System (``System'') 
     and its affiliated retirement plans, the Elected Officials' 
     Retirement Plan (``EORP'') and Corrections Officer Retirement 
     Plan (''CORP''), and their group trust, the Arizona PSPRS 
     Trust (``Trust'', which together with the System, EORP, CORP 
     are collectively, the ``Plans''), are sending you this letter 
     in accordance with Arizona Revised Statutes (``A.R.S.'') 
     Sec. 35-392 (the ``Arizona Terrorism Country Divestment 
     Act'').
       The Arizona Terrorism Country Divestment Act requires 
     public pension systems such as the Plans to create process 
     for creating a list of investments in U.S. companies that 
     have violated Section 6(j) of the Export Administration Act 
     (the ``List''), determine a process to engage in certain 
     communications with those companies and appropriate federal 
     officials, including Arizona's congressional delegation, and 
     then determine a process for divestment from companies on the 
     List, all as outlined in the Arizona Terrorism Country 
     Divestment Act. On or about December 17, 2008, the Plans 
     adopted a Terrorism Country Divestments Compliance Policy 
     (the ``Policy'') adopting the processes as required by the 
     Arizona Terrorism Country Divestment Act.
       Pursuant to the Policy, the Plans are required to submit a 
     report (``Report'') that includes a copy of the List and an 
     explanation of any planned or actual divestments made 
     pursuant to its Policy to the Governor of Arizona, President 
     of the Arizona Senate, Speaker of the Arizona House of 
     Representatives, the President of the U.S. Senate and Speaker 
     of the U.S. House of Representatives, the Director of the 
     Department of Administration, the Arizona Treasurer, and the 
     Arizona State Retirement System. See A.R.S. Sec. 35-392(C).
       With respect to the List prepared by or on behalf of the 
     Plans as of December 15, 2010, there were no companies 
     appearing on the List and therefore, no formal List was 
     prepared. In addition, since no companies appeared on the 
     List divestment is not applicable and no formal Report is 
     enclosed. Feel free to contact me with any questions.

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