Share
Email
PrintIran Divestment Act heading to N.Y. Legislature
NEW YORK (JTA) – The names of individuals or companies doing business with Iran would be published under a bill to be submitted to the New York State Legislature.
The Iran Divestment Act of 2012 to be introduced Thursday at a news conference was conceived jointly by state Assembly Speaker Sheldon Silver and the Jewish Community Relations Council of New York.
The measure would create a public list of individuals or companies investing in Iran and bar them from doing business with the State of New York. “Investment” is considered any activity that provides goods or services, or credit used for goods or services of $20 million or more in the energy sector of Iran. Those named would have the opportunity to challenge their placement.
According to Silver, the prohibition is necessary because of Iran’s role in state-sponsored terrorism and pursuit of nuclear weapons. The legislation is modeled after a similar law in California.
Don't miss out! Get the JTA Daily Briefing delivered FREE to your inbox!
Click to login and write a letter to the editor.
This article was made possible by the support of readers like you. Donate to JTA now.
Featured Content
Need to know? Get JTA's free e-newsletters!
- Manhattan’s Jewish Center holds Fleet Week memorial service
- Hynes singles out haredi community as harassers of sexual assault victims
- Iran nuke talks stall over sanctions
- South African Jewish leaders say trade minister is adamant on West Bank labeling
- Turkish lawyer: Israel offered to pay Marmara victims $6 million
- Amnesty International report raps Israel for Gaza blockade
- Egypt holds first round of voting in presidential election
- Police: Man in custody implicated himself in disappearance of Etan Patz
