Congress 107 - HCONRES 113 - Regarding human rights violations and oil development in Sudan.

Sponsor

Cosponsors

Topics

Aerial bombing Africa (Sub-Saharan) Armed Forces and National Security Boycott Capital formation China Civil Rights and Liberties, Minority Issues Civil War Commerce Corporate divestiture Corporate finance East Asia Energy Executive orders Exports Families Finance and Financial Sector Foreign corporations Foreign investments Foreign Trade and International Finance Government Operations and Politics Governmental investigations Human rights International Affairs Peace Peace treaties Petroleum Petroleum industry Political prisoners Sanctions (International law) Slavery Stock exchanges Sudan

Full Text

View Full Bill Text

Votes

Summary

Urges the President to: (1) deny oil companies operating in Sudan the ability to raise capital or trade equities in the U.S. capital markets; (2) expand Executive Order 13067 (economic and trade sanctions on Sudan) by denying capital market opportunities to all publicly traded equities of all oil companies operating in Sudan; and (3) investigate possible violations of Executive Order 13067 by PetroChina in its Initial Public Offering on the New York Stock Exchange in April 2000.

Calls upon: (1) all companies operating in Sudan to freeze oil production in Sudan and cease oil exports from Sudan until a peace agreement is reached in Sudan and other specified conditions are met; (2) the international community to boycott oil from Sudan and the foreign companies involved in the production and export of Sudanese oil; (3) companies contemplating entrance into Sudan's oil sector not to do so until a just peace is secured; and (4) U.S. companies and individuals who may have indirectly invested in companies involved in oil development in Sudan to divest their holdings.

Actions

May 21, 2001

Referred to the Subcommittee on International Operations and Human Rights.
May 21, 2001

Referred to the Subcommittee on Africa.
May 10, 2001

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman.
Apr 26, 2001

Referred to the Committee on International Relations, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 26, 2001

Introduced in House

Amendments

Related Bills