Post by Logan on Jan 27, 2016 20:54:25 GMT -6
Lawmakers want to block state investment in firms that deal with Iran
PHOENIX — More than two dozen Republican lawmakers want to constitutionally block state and local governments from buying items or investing in any company that does business with the government of Iran, even as sanctions against that country are being eased.
The proposal crafted by House Majority Leader Steve Montenegro, R-Litchfield Park, specifically bans investment in any company that does business “with the government of a country that is designated by the U.S. Department of State on or after Jan. 1, 2015, as a state sponsor of terrorism.”
At the moment that includes Syria, Sudan and Iran. And until last year it used to include Cuba until the Obama administration moved to normalize relations with that country.
But Montenegro made it clear his measure, introduced just days after the United Nations said Iran is complying with a new nuclear treaty, is aimed at that country.
Read more: tucson.com/news/local/lawmakers-want-to-block-state-investment-in-firms-that-deal/article_a0798a95-4e75-5904-a11c-db8593f1bd97.html
PHOENIX — More than two dozen Republican lawmakers want to constitutionally block state and local governments from buying items or investing in any company that does business with the government of Iran, even as sanctions against that country are being eased.
The proposal crafted by House Majority Leader Steve Montenegro, R-Litchfield Park, specifically bans investment in any company that does business “with the government of a country that is designated by the U.S. Department of State on or after Jan. 1, 2015, as a state sponsor of terrorism.”
At the moment that includes Syria, Sudan and Iran. And until last year it used to include Cuba until the Obama administration moved to normalize relations with that country.
But Montenegro made it clear his measure, introduced just days after the United Nations said Iran is complying with a new nuclear treaty, is aimed at that country.
Read more: tucson.com/news/local/lawmakers-want-to-block-state-investment-in-firms-that-deal/article_a0798a95-4e75-5904-a11c-db8593f1bd97.html