Sec. 205. TECHNICAL CORRECTIONS TO SUDAN ACCOUNTABILITY AND DIVESTMENT ACT OF 2007
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## SEC. 205 TECHNICAL CORRECTIONS TO SUDAN ACCOUNTABILITY AND DIVESTMENT ACT OF 2007 ###
(a)ERISA Plan Investments Section 5 of the Sudan Accountability and Divestment Act of 2007 (Public Law 110–174; 50 U.S.C. 1701 note) is amended— ####
(1)by striking “section 404 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104)” and inserting “subparagraph
(A)or
(B)of section 404(a)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104(a)(1))”; and ####
(2)by striking paragraph
(2)and inserting the following: > > #### “(2) > > the fiduciary prudently determines that the result of such divestment or avoidance of investment would not be expected to provide the employee benefit plan with— > > > ##### “(A) > > a lower rate of return than alternative investments with commensurate degrees of risk; or > > > ##### “(B) > > a higher degree of risk than alternative investments with commensurate rates of return.” > . ###
(b)Safe Harbor for Changes of Investment Policies by Asset Managers ####
(1)In general Section 13(c)(2)(A) of the Investment Company Act of 1940 (15 U.S.C. 80a–13(c)(2)(A)) is amended to read as follows: > > ##### “(A) Rule of construction > > Nothing in paragraph
(1)shall be construed to create, imply, diminish, change, or affect in any way whether or not a private right of action exists under subsection
(a)or any other provision of this Act.” > . ####
(2)Applicability The amendment made by paragraph
(1)shall apply as if included in the Sudan Accountability and Divestment Act of 2007 (Public Law 110–174; 50 U.S.C. 1701 note). # TITLE III PREVENTION OF DIVERSION OF CERTAIN GOODS, SERVICES, AND TECHNOLOGIES TO IRAN
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- Pub. L. 110-174
- 15 USC 80a–13(c)(2)(A)
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Sec. 205
TECHNICAL CORRECTIONS TO SUDAN ACCOUNTABILITY AND DIVESTMENT ACT OF 2007
Pub. L.Pub. L. 110-174
Cite15 USC 80a–13(c)(2)(A)
Cites 4Cited by 0 across 0 sources