STAND. COM. REP. NO.  61

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1117

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on International Affairs, to which was referred H.B. No. 1117 entitled:

"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"

begs leave to report as follows:

     The purpose of this bill is to oppose the practice of genocide in the Darfur region of Sudan by requiring the Employees' Retirement System to divest itself of investments in companies that support the Sudanese government.

     The Hawaii Family Forum, Roman Catholic Church in the State of Hawaii, and Hawaii Coalition for Darfur testified in support of this bill.

     Your Committee has amended this bill by:

     (1)  Adding a defective date of July 1, 2015, to facilitate         further discussion; and

     (2)  Making technical, nonsubstantive amendments for style.

     As affirmed by the record of votes of the members of your Committee on International Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1117, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1117, H.D. 1, and be referred to the Committee on Labor & Public Employment.

Respectfully submitted on behalf of the members of the Committee on International Affairs,

____________________________

RIDA T.R. CABANILLA, Chair