State-by-State Update on Iran Divestment Legislation
Mandated By Law
• Florida: (mandates on all funds except retirement funds, which will be asked to move away from Iran investments)
• New Jersey
• Washington DC
States that have adopted Iran divestment policies
• Colorado: Public Employees' Retirement Association (PERA) voted to divest itself of investments in companies that have invested at least $20 million in Iran's energy sector.
• Missouri: Missouri State Treasurer Sarah Steelman ordered the Missouri Investment Trust to divest stock in companies that do business in Iran.
• Ohio: Legislation (HB 151) was put in holding pattern and replaced with deal for very limited voluntary divestment from some companies in Iran's energy sector.
• Washington State: The Washington State Investment Board staff shall engage any company doing business with Iran’s energy sector, urging it to suspend or curtail such operations.
States considering Iran divestment legislation or policies
• Massachusetts: Rep. Antonio Cabral sponsored H 2470, calling for divestment from Iran. The bill has passed the Committee on State Administration and Regulatory Oversight.
• Mississippi: Rep. Sidney Bondurant (D) in Mississippi has once again filed a broad Divest Terror bill which would prohibit that state's taxpayer-supported, public pension system from investing in foreign companies that do business in/with terrorist-sponsoring nations, namely Iran, Syria and Sudan.
• New York: Two divest Iran bills introduced, both rather limited in various ways. (A09020 and S5913).
• South Dakota: A bill recently filed sponsored by nearly half the members of the Legislature would require the state to get rid of its investments in companies that do substantial business in Iran and are subject to sanctions under the 1996 federal Iran Sanctions Act.
• Texas: A bill was introduced but was not reported to committee before the end of 2007 session. No bill was introduced in 2008; however, Governor Perry has expressed public interest in divestment since the end of the session.
• Virginia: The Senate Finance Committee voted against Iran divestment in February 2009.