WHEREAS, In the Sudan, innocent civilians in the Darfur region have
been and continue to be the victims of murder, rape, and displacement
based on a campaign of genocide; and
WHEREAS, Former Secretary of State Colin Powell and the United
States State Department provided information to the United States
Senate Foreign Relations Committee that the government of the Sudan
bore responsibility for supporting this campaign of violence in Darfur;
and
WHEREAS, There is a growing concern in the international community
and among investors about the Sudanese government's unwillingness to
put a stop to the ongoing violence in Darfur; and
WHEREAS, The Washington State Investment Board is entrusted with
managing investments for public pension and other trust funds and is
committed to doing so with the utmost integrity, prudence, and skill;
and
WHEREAS, The Washington State Investment Board's external money
managers screen its portfolios to identify specific companies that may
be doing business in the Sudan and, if possible, determine the nature
of these business activities; and
WHEREAS, The Washington State Investment Board joins other national
retirement organizations in writing and requesting that relevant
federal agencies identify, monitor, and report companies that -- by
virtue of doing business in the Sudan -- may be acting contrary to
United States foreign policy and humanitarian objectives; and
WHEREAS, The Washington State Investment Board regularly monitors
the United States Department of Treasury and the United States
Securities and Exchange Commission's Office of Global Security Risk to
see if any companies, who do business with terrorist-supporting
nations, including the Sudan, are listed illegally; and
WHEREAS, Through these ongoing efforts, the Washington State
Investment Board is doing everything within its power to ensure that
the state's retirement assets are not knowingly invested in companies
that support terrorist activities or activities that violate human
rights;
NOW, THEREFORE, BE IT RESOLVED, That the Senate of the State of
Washington recognize and express its appreciation for the Washington
State Investment Board's efforts to ensure that Washington's funds are
not knowingly invested in companies that support terrorist activities
and the violence and atrocities in Darfur; and
BE IT FURTHER RESOLVED, That copies of this resolution be
immediately transmitted by the Secretary of the Senate to Washington
State Investment Board Executive Director Joseph A. Dear.