Introduced
by
To exempt from disclosure under the Freedom Of Information Act (FOIA) information about a company in which a public college or university has invested if the information has not been publicly disseminated, or is otherwise unavailable, and if the release might cause significant competitive harm to the firm, or to an investment fiduciary (i.e., a broker or advisor).
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that conditions withholding the non-public information on the school making an annual report public listing the name of each portfolio company in which it has invested, the aggregate amount invested in portfolio companies, the rate of return realized on the investments, and the source of any public funds invested.
The substitute passed by voice vote
Passed in the Senate 33 to 4 (details)
To exempt from disclosure under the Freedom Of Information Act (FOIA) information about a company in which a public college or university has invested if the information has not been publicly disseminated, or is otherwise unavailable, and if the release might cause significant competitive harm to the firm, or to an investment fiduciary (i.e., a broker or advisor). To be eligible for the exemption the school would have to make an annual report public listing the name of each company in which it has invested, the aggregate amount invested in companies, the rate of return realized on the investments, and the source of any public funds invested.
Referred to the Committee on Higher Education
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 105 to 1 (details)
To exempt from disclosure under the Freedom Of Information Act (FOIA) information about a company in which a public college or university has invested if the information has not been publicly disseminated, or is otherwise unavailable, and if the release might cause significant competitive harm to the firm, or to an investment fiduciary (i.e., a broker or advisor). To be eligible for the exemption the school would have to make an annual report public listing the name of each company in which it has invested, the aggregate amount invested in companies, the rate of return realized on the investments, and the source of any public funds invested.
