Northern Ireland investment restrictions eliminated

A bill that eliminates restrictions on investments in Northern Ireland by the state of Nebraska was given final approval March 4.

LB303, sponsored by Omaha Sen. Beau McCoy, repeals requirements that the Nebraska Investment Council:

• compile an annual list of corporations doing business in Northern Ireland in which the state investment officer has invested state funds;
• determine whether each corporation on the list has, during the preceding year, taken affirmative action to eliminate religious or ethnic discrimination in Northern Ireland; and
• invest in a way that encourages corporations that pursue a policy of affirmative action in Northern Ireland.

The bill passed on a 45-0 vote.