TEXAS SENATE BILL 1923

In Texas, Senate Bill 1923 was introduced by State Senator Bill Ratliff on April 2, 1997. SB1923 would prohibit state agencies from investing in any company that either distributes or owns a controlling interest in any company which distributes or promotes songs or lyrics describing criminal activity, violence against police officers or racial or ethnic groups, or describing bestiality, necrophilia, or pedophilia. Currently several state agencies have invested substantially in companies which either distribute or own other companies that distribute music. For example, the Texas Teacher Retirement System holds 1,595,000 shares of common stock (at a value of approximately $64 million) in the Seagram Company, which owns a substantial portion of MCA Records, which owns a substantial portion of Interscope, Nothing, and Death Row records. See what's going on here now? Ler's watch this one real close.

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