REQUEST FOR ACTION BY THE LEGISLATIVE COUNCIL 
 
All requests may be typed and submitted to the Executive Vice President no later 5:00 p.m. Thursday in order to be included in the agenda for the following Tuesday. The Executive Vice President reserves the right to delay the Request for Action to a later Council session if the Executive Vice President feels the agenda for the next schedule meeting is full.
 
Item Number: 34 Legislation Number (B: Bill, R: Resolution): R50-32
Author:   Jordan Edmunds, Negin Fatahi   Second:  Alvin Phan
Synopsis: UC System Divestment from the Gun Industry
Date of Presentation: December 2nd, 2014
 

 

Whereas, as a public institution of higher learning, the University of California has a responsibility to invest university funds in a socially responsible manner, and

 

Whereas, the mass shooting of UCSB students that occurred in Isla Vista on May 23, 2014, was incredibly tragic to the whole University of California community, and

 

Whereas, the gun industry uses funds and lobbyists to block gun violence prevention legislation that is widely supported by the American public, and

 

Whereas, the gun industry is defined for these purposes as the three publicly traded firearms manufacturers (Sturm, Ruger & Company, Inc; Smith & Wesson Holding Corporation; and Olin Corporation), private equity firm Cerberus Capital Management, publicly traded firearms retailer Cabela’s Incorporated, and any mutual funds and hedge funds that invest in firearms or ammunition manufactures, and

 

Whereas, the University of California Santa Barbara passed a resolution urging the UC Board of Regents to divest from the gun industry as well, then

 

Therefore, let it be resolved that ASUCI Legislative Council compels the Board of Regents to develop a plan to divest any university funds invested in the gun industry by May 2015 and execute said plan by December 2015, and

 

Let it be further resolved that ASUCI Legislative Council requests full transparency from the University of California’s Chief Investment Officer about the divestment dates and amount of money divested from the gun industry, and

 

Let it be further resolved that ASUCI Legislative Council write a letter to the UC Board of Regents with the contents of this resolution, and


Let it be finally resolved that ASUCI Legislative Council compels the Board of Regents to prohibit all future investments in the gun industry.

 
 
Referred to: Committee on:
Vote Required: Majority FINAL VOTE: Passed YEA: 9 NAY: 4  ABS: 2
 
THE LEGISLATIVE COUNCIL OF THE ASSOCIATED STUDENTS OF THE UNIVERSITY OF CALIFORNIA, IRVINE ON THE DATE OF December 2nd, 2014 HAS TAKEN ACTION ON THIS LEGISLATION.    
   
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Executive Vice President, ASUCI      Verification of Executive Cabinet