Florida State Board of Administration, Tallahassee, would have to divest companies with business ties to Sudan under a bill in the Florida Legislature. The bill, introduced by state Sen. Ted Deutch on Feb. 26, would require the board of the $128.6 billion fund to divest 50% of its investments in companies within nine months of asking them to stop doing business in Sudan, and fully divest those companies within 15 months. The bill provides some exceptions, including for companies providing humanitarian goods and services in the country. The bill hasn’t been assigned to a committee, and Mr. Deutch couldn’t be reached for comment.
Michael P. McCauley, Florida SBA director of investment services and communications, didn’t return calls for comment.
