N.J. to disinvest from Iran


New Jersey is set to disinvest from Iran.

The state Senate voted unanimously last week to approve legislation passed over the summer by the state Assembly that would divest all state pension plans from Iran as a means of pressuring the Islamic Republic to end its suspected nuclear weapons program.

Gov. Jon Corzine is expected to sign the bill, initiated in New Jersey by NORPAC, a pro-Israel political action committee.

New Jersey would be the fourth U.S. state to pull its funds from Iran.

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