New legislation making its way through Congress seeks to to ease the burden of fund companies that choose to divest from Sudan and Iran.The Boston Globe
reports that the bills would immunize these institutions from claims that they would be violating their fiduciary responsibilities by selling stocks in certain energy companies for moral reasons. A likely consequence of the passage of these bills is an increase in pitch of the activists' calls for divestiture as there would be even less of a downside to doing it. The bills are scheduled for vote sometime next month.
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