Section 5. Reporting.
(a) Report to United States Attorney General.--Within 30 days of the passage of this act, administrators of the public fund shall file a written report to the United States Attorney General detailing the requirements contained in this act.
(b) Duty of public fund.--A public fund shall, within one year of assembly of its Scrutinized Companies with Activities in Iran List and Scrutinized Companies with Activities in Sudan List, provide a report to the Governor, the President pro tempore of the Senate, the Speaker of the House of Representatives and each member of the boards of the Pennsylvania Municipal Retirement System, the State Employees' Retirement System and Public School Employees' Retirement System. The report shall include the items required under subsection (c). The report shall be made available to the public.
(c) Contents.--The report under subsection (b) shall include the most recent Scrutinized Companies with Activities in Iran List and Scrutinized Companies with Activities in Sudan List and all of the following:
(1) A summary of correspondence with scrutinized
companies engaged by the public fund under section 4.
(2) All investments sold, redeemed, divested or
withdrawn in compliance with section 4(c), the costs and
expenses of such transfers and a determination of net gain or
loss on account of such transactions incurred in compliance
with the provisions of this act.
(3) All prohibited investments under section 4(d).
(4) A list of all publicly traded securities held by the
public fund.
(d) Update.--A public fund shall do all of the following:
(1) Annually update, based on evolving information under
subsection (c), and make publicly available its Scrutinized
Companies with Activities in Iran List and Scrutinized
Companies with Activities in Sudan List.
(2) Provide a copy of the lists under paragraph (1),
including updates, to all other public funds.